Ron Needs Your Help in Calculating the Price Elasticity of Demand

Short Answer

Ron needs your help in calculating the price elasticity of demand for eggs, salt, and oranges. Calculate the price elasticity of demand for each of these products (using the midpoint formula).
$$\begin{array} { | l | l | l | l | } \hline & \text { Eggs } & \text { Salt } & \text { Oranges } \\\hline \text { P1 } & 3 & 1 & 5 \\\hline \text { P2 } & 2 & 0.5 & 3.5 \\\hline \text { Q1 } & 1,000 & 5,000 & 300 \\\hline \text { Q2 } & 1,700 & 10,000 & 400 \\\hline\end{array}$$