PART 1. DIRECTION: Elasticity. Compute the Elasticity of Demand and Supply and determine what type of elasticity. Here is the table you can use. Please show your solution of your computation. AVERAGE...

Number 2 ONLY, with solution.

Extracted text: PART 1. DIRECTION: Elasticity. Compute the Elasticity of Demand and Supply and determine what type of elasticity. Here is the table you can use. Please show your solution of your computation. AVERAGE AVERAGE QD AQD P AP DEMAND PRICE ED 1. Hypothetical Market Demand and Supply Schedule of Consultation in Heritage Vigan per Service Price of Quantity Demand Quantity Supplied Consultation 320 50 20 440 45 30 560 40 40 680 35 50 800 30 60 920 25 70 . Hypothetical Market Demand and Supply Schedule of Printing Business in Magsingal Public Market per Day Quantity Quantity Supplied Price of Printing Demand 1.75 50 30 2.5 45 35 40 40 3.25 35 45 4.75 30 50 25 55 6 20 60