Price of tin and silicone decrease affecting the market for iPhones A)Decrease in supply B)Decrease in demand C)Increase in supply D)Increase in demand

When a certain brand of dog food sells for $20 per bag, 10,000 units are sold; when the price changes to $22, 7000 units are sold. Calculate price elasticity of demand for the dog food, carefully folowing all numeric instructions. Enter only numbers, a decimal point, and/or a negative sign as needed. Round your answer to two decimal places as necessary; if you round on intermediate steps, use four places.

Price per Pound (dollars) $16 14 12 10 8 6 4 2 Quantity of Cheese Demanded (pounds) between $14 and $16 between $2 and $8 over the entire range of prices between $2 and $4 3 4 5 6 7 8 9 10 Refer to the table above, over what range of prices is the demand elastic?

M10