Ed 0.8 in the 6 - 10 price range. in this range of demand, Ask an Expert

Economics

CO B) The following table shows part of the demand for tickets to a local sporting event:

Price(P)...Quantity(Q)
15...........40
10..........100
6............150
3............250

Is demand elastic in the $10 - $15 price range?

Ed = 0.8 in the $6 - $10 price range. In this range of demand, by what percentage would quantity demanded change if price changes by 10 percent?

Price falls from $6 to $3. Does total revenue (TR) increase, decrease, or remain the same?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M974273

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