i2 4 - EC-201-10027 - Prin X + Time Left:0:23:32 Eva ONDONGO NGALA: Attempt 1 U demand 0 zero elasticity Question 6 (1 point) Price elasticity of demand is a ke because demand elasticity at pa increase/decrease in the quantit y concept in a firm thinking about collecting the most revenue rticular price levels will determine the percentage y sold thus raising or lowering total revenue. Question 7 (1 point) if demand is elastic at a particular price level, then the firm should decrease price because the percentage drop in price will result in an even larger percentage increase in the quantity sold, thus raising total revenue. k Question 8 (1 point) The is the percentage change in quantity demanded divided by the percentage change in income