If price were increased from $40 to $42 and quantity demanded fell from 50 to 45, calculate elasticity; state whether demand is elastic, unit elastic, or inelastic; and find how much total revenue was when price was $40 and $42. , which one critic likened to “junk food,” without risking profit or market share?

Answer rating: 100% (QA)

change in demand 45 5050 01 x 100 10 change in price 42 ... View the full answer