Question: Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear. Label it TR . Draw

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear. Label it

TR.

Draw a point on the curve at which demand is elastic. Label it Elastic.Draw a point on the curve at which demand is inelastic. Label it Inelastic.Draw a point on the curve at which demand is unit elastic. Label it Unit Elastic.

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