1.The price elasticity of demand measures _____.

a) how sensitive quantity demanded is to a change in price

b) how sensitive quantity demanded is to a change in income

c) how sensitive demand is to a change in price

d)all of the above

2.Picture attached- Consider the following the demand for a good illustrated by the following demand curve. Between points D and E, demand is _____.

P (dollars) 90 75 A B 60 C 45 30 D F 15 Q (units) 5 10 15 20 25 30 Which of the following prices would generate the greatest total revenue? O $45 O $60 O $75 O $90P (dollars) 90 75 A B 60 C 45 - L 30 D E 15 Q (units) 5 10 15 20 25 30 The total revenue generated at a price of $75 is $350 $412.50 $450 O none of the above