The table shows the quantity demanded on the hotel rooms per night at each price per...

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The table shows the quantity demanded on the hotel rooms per night at each price per night. Explain the elasticity of hotel rooms in terms of the hotel total revenue. Table 4.1.5 Price (Dollars per night) Quantity demanded (Rooms per night) 200 10,000 250 8,000 400 5,000 500 4,000 800 2,500 The table shows the quantity demanded on the hotel rooms per night at each price per night. Explain the elasticity of hotel rooms in terms of the hotel total revenue. Table 4.1.5 Price (Dollars per night) Quantity demanded (Rooms per night) 200 10,000 250 8,000 400 5,000 500 4,000 800 2,500