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Use the demand schedule in the table below to answer the following questions. Price (s Quantity 56 48 42 35 28 21 14 7 Instructions: Use the mid-point method in your calculations. Round your calculations to two decimal place Round your answer to two decimal places. Include a negative sign where appropriate.a. The price elasticity of demand for a price change from $2 to $3 is 0.45 The slope of the demand curve for a price change from $2 to $3 is 7.00 b. The price elasticity of demand for a price change from $3 to $5 is 1.00The slope of the demand curve for a price change from $3 to $5 is 7.00 c. The price elasticity of demand for a price change from $6 to $7 is -4.33 The slope of the demand curve for a price change from $6 to $7 is -7

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