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12:13 1. Micro Winter 2021 - Saved O E . . . Question 3 (Marks 12) a. The following graph shows the demand curve for

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12:13 1. Micro Winter 2021 - Saved O E . . . Question 3 (Marks 12) a. The following graph shows the demand curve for cell phon 40 A 30 .... B 20 ........j..... 10 -. ... ...... ..... Q 10 15 20 = i. Using point method, calculate Price Elasticity of demand at Point A, B and C. Answer: ii. Explain at which price/point the firm revenue is maximum. Answer: iii. What are the factors which can change price elasticity of demand for cell phones? Answer: B U O E O

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