PROBLEM SET 3
Name: _Miquel Torres_
Problem Set 3 is due by 11:59 p.m. (ET) on Monday of Module/Week 6.
1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand
between the following prices.
Total value of inventory
Total number of red shoes in inventory
Average selling price for red shoes
Number of red shoe inventory items
Average Selling Price
Average Price of Basketball Item