(1) Moving from Point A to Point B. what is the point price elasticity of demand? What is the dollar change in total revenue? Your answer: Elasticity: (Round your answer to one decimal place, unless your answer is an integer.) Dollar change: (Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.) (2) Assuming that the demand curve is for a monopoly, what are the revenue maximizing quantity and price? Your answer: Quantity: (Do NOT include words; Round your answer to one decimal place, unless your answer is an integer.) Price: (Do NOT include "5;"; Round your answer to one decimal place, unless your answer is an integer.) (3) Assuming that the monopoly's AC=MC=2 (constant), what are the monopoly's prot maximizing quantity and price? Your answer: Quantity: {Do NOT include words; Round your answer to one decimal place, unless your answer is an integer.) Price: (Do NOT include "$",' Round your answer to one decimal place, unless your answer is an integer.) (4) What would be the market equilibrium price, if this were a perfect competitive market? What is the deadweight loss caused by the monopoly? Your answer: Market price: (Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.) Deadweight loss: (Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.) Demand function n Q= [0020P0rP=5LQ 20 4 ............ a 3 ____________ 2 1 Demand Cum