Question: Please solve this two problem ranged ? 6 (a) The following table shows the price- quantity combinations of four Points of a good perday Points

Please solve this two problem

Please solve this two problem ranged ? 6 (a) The following table

ranged ? 6 (a) The following table shows the price- quantity combinations of four Points of a good perday Points Price (TK) Quantity demanded ( in Thousands) A 6 200 B 8 150 10 100 12 50 () ) Draw the demand curve ( put price on the vertical axis and quantity, on the horizontal axes ). i'd) ) Calculate price elasticity of demand between points C and D ; it's) calulate Price dalicity of demand at point C. 6) Show that when demand is elastic is, I Ep] > 1, tolal revenue ( R) increases as price decreases . 7. The demand schedule for hotel rooms at Sadarghat, Dhaka is : Price ( TK. put night ) Quantity demanded ( Rooms per night ) 200 100 250 80 400 50 560 40 80c 25 ' ) Calculate price elasticity of demand when price falls from TK.400 to TK . 250 a night (1) Calculate price elasticity of demand when price falls from TK- 250 to Thi a night iti) what happens to total revenue when price falls from TK. 400 to TX. 250 a night and from TK. 250 to TK. 200 a night ? (V) Is the demand for hotel rooms elastic, inelastic or unit elastic

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