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  3. demand can either be elastic inelastic or unit elastic total...

Question: demand can either be elastic inelastic or unit elastic total...

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Refer to the demand schedule below Quantity demanded Price 80 70 60 50 40 30 20 10 50 100 150 200 250 300 350 400 a. Suppose the price increases from $10 to $20. Demand is inelasticand total revenue increases b. Suppose the price increases from $30 to $40. Demand is (inelastic $) and total revenue increases c. Suppose the price increases from $50 to $60. Demand is elastic and total revenue increases

Demand can either be elastic, inelastic or unit elastic

Total revenue can increase, decrease, or stay the same

Please provide the work done :)

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