Price Elasticity of Demand Using the information in the table below calculate the total revenue, ela


Question: Price Elasticity of Demand

Using the information in the table below calculate the total revenue, elasticity and find the type or nature of the elasticity (e.g. elastic, unit elastic or inelastic).

Price Quantity Demanded Total Revenue Elasticity Nature of Elasticity
$1.10 0 ___________
___________ ___________
1.00 1 ___________
___________ ___________
.90 2 ___________
___________ ___________
.80 3 ___________
___________ ___________
.70 4 ___________
___________ ___________
.60 5 ___________
___________ ___________
.50 6 ___________
__________ ___________
.40 7 ___________
___________ ___________
.30 8 ___________
Price: $2.99
Answer: The solution file consists of 2 pages
Deliverables: Word Document

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