Question: Quantity Price Demanded $3 80 $4 70 $5 60 $6 50 $7 40 $8 30 $9 20 $10 10 Fill in the blanks of the

Quantity Price Demanded $3 80 $4 70 $5 60 $6 50 $7 40 $8 30 $9 20 $10 10 Fill in the blanks of the following statements using the midpoint formula. Between a price of $4 and $5, the price elasticity of demand is (round to one decimal point) and at that point the demand elasticity is Between a price of $8 and $9, the price elasticity of demand is (round to one decimal point) and at that point the demand elasticity is Revenue is maximized when the price is at $ and the demand elasticity equals

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