Question: DONT ANSWER BY PEN PAPER R Exercise 4.4 Consider the demand curve defined by the information in the table below. Price of movies Quantity demanded

DONT ANSWER BY PEN PAPER R

Exercise 4.4 Consider the demand curve defined by the information in the table below. Price of movies Quantity demanded Total revenue Elasticity of demand 200 W N 150 120 100 (a) Plot the demand curve to scale and note that it is non-lincar. (b) Compute the total revenue at each price. (c) Compute the are elasticity of demand for each of the three price segments

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