1. The diagram below depicts the demand curve for "miniburgers" in a nationwide fast-food market. Use the information in this diagram to answer the questions that follow. ( 1.80 1.60. Price ($ per miniburger) 1.20 0.80 0.40 0.20 0 10 20 40 60 80 90 120 Quantity (miniburgers per day) a. What is the price elasticity of demand along the range of the demand curve between a a price of $0.20 per miniburger and a price of $0.40 per miniburger? Is demand elastic or inelastic over this range? 0.20 b. What is the price elasticity of demand along the range of the demand curve between a price of $0.80 per miniburger and a price of $1.20 per miniburger? Is demand elastic or inelastic over this range? 0.40 c. What is the price elasticity of demand along the range of the demand curve between a price of $1.60 per miniburger and a price of $1.80 per miniburger? Is demand elastic or inelastic over this range? (10 POINTS)