7, 8, 9, 10 and 11. For question 7 possible answers for all 4 tabs are listed in the drop down menu displayed. Thank you for your help!

D Question 7 4 pts What will happen to Total Revenue if Demand is elastic and the price increases [ Choose ] Demand is elastic and the price decreases [ Choose ] Demand is inelastic and the price increases [ Choose ] Demand is inelastic and the price decreases Choose ] [ Choose ] Total Revenue will increase because buyers will buy a lot more Total Revenue is not affected by changes in the price Total Revenue will decrease because buyers will buy almost the same amount Total Revenue will increase because buyers will buy almost the same amount D Question 8 Total Revenue will not change Total Revenue is not affected by changes in the quantity demanded Total Revenue will decrease because buyers will buy a lot less The formula for calculating the Price Elasticity of Supply is O (% change in quantity supplied)/(% change in price) O (% change in price)/(% change in quantity supplied) D Question 9 1 p The Price Elasticity of Supply tells us How much more sellers will sell when the price decreases How sensitive the price is to a change in the quantity supplied How sensitive sellers are to a change in price How much less sellers will be willing to sell when the price increases D Question 10 1 pt If the Price Elasticity of Supply is greater than one it means that O sellers are not sensitive to a change in price so will not be willing to sell a lot more when the price increases O sellers are sensitive to a change in price so will be willing to sell a lot more when the price increases O sellers don't respond at all to a change in price sellers will not sell any if the price decreases even a little D Question 11 1 pts If the Price Elasticity of Supply is less than one it means that sellers are not sensitive to a change in price so will not be willing to sell a lot more when the price increases O sellers are sensitive to a change in price so will be willing to sell a lot more when the price increases O. sellers don't respond at all to a change in price O sellers will not sell any if the price decreases even a little D Question 12 2 pts