Table 2

Price (dollars per room per night)	Quantity demanded (millions of rooms per night)
200	100
250	80
400	50
500	40
800	25

2) The demand schedule for hotel rooms is in the table 2

a. What happens to total revenue when the price falls from $400 to $250 a room per night and from $250 to $200 a room per night?

b. Is the demand for hotel rooms elastic, inelastic or unit elastic?