Practice: Investigate Elasticity of Demand
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(print clearly)
1. Use the demand curve to answer the questions below.
a. What is the elasticity of demand between $1 and $2?
b. What is the elasticity of demand between $6 and $7?
c. At what quantity and price is total revenue the greatest?
2. Use the empty graphs below to draw a demand curve for each type of elasticity.
a. Elastic
b. Inelastic
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