Applying Your Main as Making a Line Plot Suppose a popular musician is selling a new song online. It costs $1.00 to buy the song from the musician's Web site. At that price, 200 people download the song every day. After the musician raises the price of the song to $1.50, only 100 people per day download the song. The musician then lowers the price to $0.75. At that price, 300 people per day download the song. Use your math skills to determine and graph the elasticity of de- mand for the new song, and to answer the following questions: Visit PearsonSuccessNet.com for additional math help. Demand Curve for Song $1.75 $1.50 $1.25 $1.00 Price (per download) $.75 $.50 $.25 0 50 100 150 200 250 300 350 Downloads (per day) 5. Based on the original price of $1.00, would you describe demand for the song as inelastic, elastic, or unitary elastic? 6. (a) How many people would download the song per day if it cost $0.50? (b) How many people would download the song per day if it cost $1.75? 7. On the grid, create a demand curve for the new song. Show the demand for the song at each of the following prices: $0.50, $0.75, $1.00, $1.50, $1.75. 8. Describe how the slope of the graph would change if demand for the song became more elastic