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
Deliverables: Word Document
