Question: ************************************************************************************************************************************************************************ PRICE ELASTICITY OF DEMAND CATEGORIES Elasticity Category Elastic Demand Inelastic Relationship Elasticity Example U sing Midpoint formula Pl=sg P2=S7 QI-IS Q2=2S P1=S5 Graphical Representation

PRICE ELASTICITY OF DEMAND CATEGORIES Elasticity Category Elastic Demand Inelastic Relationship Elasticity

************************************************************************************************************************************************************************

Example U sing Midpoint formula Pl=sg P2=S7 QI-IS Q2=2S P1=S5 Graphical Representation

PRICE ELASTICITY OF DEMAND CATEGORIES Elasticity Category Elastic Demand Inelastic Relationship Elasticity Example U sing Midpoint formula Pl=sg P2=S7 QI-IS Q2=2S P1=S5 Graphical Representation Change in Total Revenue between Price and Qu antity Demanded (QD) Coefficient Perfectly Elastic Demand Perfectly Inel astic Demand Q is ind efinitely large or P1=S7 P2=S3

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