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3. (14 total points) Suppose a demand curve is given by Q = 120 - 4P. a) (12 points) Complete the following table (when necessary,

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3. (14 total points) Suppose a demand curve is given by Q = 120 - 4P. a) (12 points) Complete the following table (when necessary, please leave your answer in the form of a fraction): Price QD (Price Elasticity of Demand) Total Revenue $10 $12 $20 $25 b) (3 points) At what price is Total Revenue maximized

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