Chapter $4$ In Class Exerelste

Consider the following demand schedule:

$\backslash$table$[[$Price$,\backslash$table$[[$Quantity$],[$Demanded$]],$Total Revenue,Elasticity$],[15,0,],[13,8,,],[11,16,,],[9,24,,],[7,32,,],[5,40,,],[1,48,,]]$

a$)$ Complete the table. Use the back of this page for your calculations.

b$)$ Over what range of prices is this demand curve inelastic? Explain.

c$)$ Over what range of prices is the demand curve elastic? Explain.

d$)$ What is the relationship between elasticity and total revenue?