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5.) Then fill in all of the blanks on questions 12 - 15 (25 points) Elasticity Graphs 7. A price change from 1 to 2

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5.) Then fill in all of the blanks on questions 12 - 15 (25 points) Elasticity Graphs 7. A price change from 1 to 2 will do what to: 1. This blue region? a. quality demanded and what to b. TR? a. Qd will . b. TR will 8. A price change from 4 to 6 will do what to: a. quality demanded and what to b. TR? a. Qd will . b. TR will 2. This yellow region? P 4. 3. This Curve? 9. A price change from 7 to 8 will do what to: a. quality demanded and what to b. TR? a. Qd will . b. TR will 4. This pink region? 5. This Curve? 10. A price change from 8 to 7 will do what to: 1. a. quality demanded and what to b. TR? a. Qd will . b. TR will 0 6. This Curve? 11. A price change from 2 to 1 will do what to: a. quality demanded and what to b. TR? a. Qd will . b. TR will

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