3 - From the following data about the demand for dishwashers, calculate the elasticity of demand from point A to B, from point C to D and from point E to point F. Classify the elasticity as elastic, inelastic or unitary elastic. Also calculate the total revenue of each point. What happens to total revenue as you approach unitary elasticity? If cost were not an issue what price would you choose for your selling price?

Point	Price In Dollars	Quantity Demanded	Total Revenue	Elasticity
A	180	5600
B	200	5200
C	220	4800	$1,056,000
D	240	4400
E	260	4000		-1.42
F	280	3600