How does the price elasticity of demand at relatively high prices compare to the price elasticity of demand at relatively low prices? Calculate the price elasticity from $5 to $6 and the price elasticity from $1 to $2 in the accompanying graph. 
Definitions:
Common Stock
A type of security that signifies part ownership in a corporation, referred to as corporate equity ownership.
Par Value
The face value of a bond or stock as stated by the issuer, not necessarily its market value.
Transaction Fee
A charge assessed for processing a financial transaction, commonly found in banking and brokerage services.
Gain Or Loss
The financial result of selling an asset or investment for more or less than its purchase price, respectively.
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