27. Refer to the above Figure. The elasticity of demand from point A to point B, using the midpoint method would be Select one: a. -1.5 b. -2.5 C. -2 d. -1 Price $20- A 18 16- 14- B 12- 10- 8 6- C 100 200 300 400 500 600 Quantity40. Refer to the above Figure. At a price of P1: Select one: a. D2 is more elastic than D1 b. D1 is more elastic than D c. D2 is more elastic than D d. D is more elastic than D1 0 Quantity 47. Refer to data above. If the price falls to $4, then total revenue will: Select one: a. increase to $840 b. fall to $300 c. fall to $280 d. increase to $560 Price ($) D S 12 8 X 4 S D 0 20 30 40 Quantity