Determine demand is elastic unit elastic or inelastic

Reference no: EM133659090

Problem: Table 5-4 Price Total Revenue $10 $100 $12 $108 $14 $112 $16 $112 Use the Total Revenue Test Refer to Table 5-4. When price is between $10 and $14, demand is Group of answer choices inelastic. There is not enough information given to determine whether demand is elastic, unit elastic, or inelastic.

Reference no: EM133659090

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