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**AJ** on
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Using the midpoints approach to the cross elasticity of demand-calculate the cross eleasticity the demand for golf at all 3 prices.

Price Demand1 D2 D3

50 15 10 15

35 25 15 30

20 40 20 50

D1 -Income $50k per yr, movies $9

D2 -Income $50k -movies $11

D3 -Income $70k -movies $11

Using D2, D3, calculate income elasticity of demand for golf.

McConnell, Microecon 19e

Chap 4 -Problem #7