(Solved): ack to Assignment Keep the Hlghest / 2 2. Calculating the price elasticity of demand: A step-by-step ...

ack to Assignment Keep the Hlghest / 2 2. Calculating the price elasticity of demand: A step-by-step guide Suppose that during the past year, the price of a virtual reality headset fell from

to

. During the same time period, consumer sales increased from 469,000 to 658,000 headsets. Calculate the elasticity of demand between these two price-quantity combinations by using the following steps. After each step, complece une railyar part of the table with the appropriate answers. (Note: For decreases in price or quantity, enter values in the Change column with a minus sign.) \table[[,Original,New,Average,Change],[Quantity,,,,],[Price,,,,]] Step 1: Fill in the appropriate values for original quantity, new quantity, original price, and new price.