3/5/2021 APPLY Elasticity Digital Interactive-UGUR KARATAS Student: UGUR KARATAS Instructor: Laura Storino Assignment: APPLY Elasticity Digital Interacti Date: 3/5/21 Course: Spr 2021 Microecon 50:220:102:92 4. Suppose the demand for J. Crew sweaters is illustrated in the figure to the right. 140- Suppose the price of J. Crew sweaters is $80. What is total revenue? 130- $ . (Enter a numeric response using a real number rounded to 120- two decimal places.) Now suppose the price of J. Crew sweaters increases to B $90. What is total revenue now? $ A Given the change in total revenue caused by the price increase, demand for Price of J. Crew sweaters J. Crew sweaters is (1) D 20 40 60 80 100 120 140 160 180 200 Quantity of J. Crew sweaters (1) O inelastic O elastic