Home :: HUB X B Module 5: Market Structures X Mail - Kurubei Ghabr - Outlo X Gd. Calculate the numerical v x Question 1 - Connect Lab M X Price Elasticity of Demand F X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25... ES K Update : Apps Home :: HUB https://app.gohig... Wholesale Accele... Wholesale Accele... Wholesale Accele... https://api.twilio.c... Slack | general | H... Online Investing a... Connect Lab Module Four Elasticityi Saved Help Save & Exit Submit Check my work Annual purchases of laptop computers in a certain market are 20,000 at a price of $400, 30,000 at a price of $300, and 40,000 at a price of $200. 10 a. Draw this demand curve. Plot 3 points, using the line tool provided, in the graph below. points Market Demand or Laptop Computers Demand Curve Book 500 - Print References 300 (10, 300) Price ($ per laptop 200 - 100 5 10 15 20 25 30 35 40 45 Quantity (thousands of laptops per year) reset b. Find sellers' total revenue at each price. Sellers' total revenue is $ 8 million at a price of $400, $ 9] million at a price of $300, and $ 8 million at a price of $200. c. In the price range $400 to $300 the market demand curve for laptop computers is elastic v, since price and total revenue move in [opposite directions v In the price range $300 to $200 the market demand curve for laptop computers is inelastic v , since price and total revenue move in the same direction d. Calculate the numerical values of the price elasticity of demand in the two relevant price ranges. Enter your responses below rounded to 2 decimal places. Include a minus sign (-) in front of any negative values. Do not round your interim calculations before obtaining the final solution (i.e. do not clear your calculator). Between prices $400 and $300, the coefficient of price elasticity of demand is Between prices $300 and $200, the coefficient of price elasticity of demand is Grow