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1- Explain the 5 cases of price elasticity of demand with examples 2- Explain the relationship between the price, quantity and total revenue? Provide examples.

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1- Explain the 5 cases of price elasticity of demand with examples 2- Explain the relationship between the price, quantity and total revenue? Provide examples. And at which cases the product consider elastic and inelastic 3- For the following statements, decide whether you agree or disagree and explain your answer. a. The demand curve in Figure a is elastic. b. The demand curve in Figure b is inelastic. b. Price Price Demand Demand Quantity Quantity

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