Question: Price Q D (000) E D TR 14 0 12 4 10 8 8 12 6 16 4 20 2 24 0 28 Your boss

Price	Q_D (000)	E_D	TR
14	0
12	4
10	8
8	12
6	16
4	20
2	24
0	28

Your boss has decided to increase the price of Gidget burgers (these are a to die for healthy vitamin, mineral, and probiotic packed natural-source burger) from $8 to $10. Calculate i) elasticity of demand (ED) and ii) total revenue (TR). Explain why she should not raise the price based on your elasticity of demand and total revenue calculations.

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