54 48 IN 42 IM 36 30 LK 24 H 18 G 12 58 87 116 145
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54 48 IN 42 IM 36 30 LK 24 H 18 G 12 58 87 116 145 174 203 232 261 290 29 . D MAKE SURE ALL ELASTICITIES ARE INPUTTED AS A POSITIVE NUMBER 1 16 145 174 203 232 261 D MAKE SURE ALL ELASTICITIES ARE INPUTTED AS A POSITIVE NUMBER Using the midpoint formula, find the elasticity of demand from P to N: 29 This means the range is: Click for List If price decreases between P and N, Total revenue will decreases Number (2 Marks) Using the midpoint forumla, find the elasticity of demand from G to L: This means the range is: Click for List Click for List price increases between G and L, Total revenue will