ECN-601 week1 chapter 2 and chapter 3 problem

Complete the following:

1. Chapter 2, Technical Questions 3 and 5 in the textbook.
2. Chapter 3, Technical Questions 1 and 3 in the textbook.

Note: Technical Question 1, Chapter 3: See the definition for arc price elasticity in your textbook (e.g. the base quantities are averages). 

Follow these instructions for completing and submitting your assignment:

1. Place all answers, both numerical and written, in a single excel spreadsheet.
2. Place each problem into a separate tab or sheet in an Excel file.
3. Place labels on spreadsheet inputs and outputs, and use the yellow highlighter on the top menu bar to highlight your final answer.
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.
5. Do not submit Word files or multiple files for a single assignment.