Question: Given the following information on quantity demanded for each price level. a) Fill in the following table for the price elasticity of demand and total

Given the following information on quantity demanded for each price level.

a)Fill in the following table for the price elasticity of demand and total revenue.

Note:Please round your answer for price elasticity to two decimal places.

Product Price

Quantity

Demanded

Price

Elasticity

Total Revenue

22

20

18

16

14

12

10

8

1

2

3

4

5

6

7

8

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

b)Graph the demand curve.

Demand Curve

c)Graph the total revenue curve.

Note:You must plot all the points to receive full marks.

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