Find the percentage changes in prices Find the percentage changes in quantity demanded Find the total revenue (TR)Find how the price elasticity of demanded (PED) changes Find how PED relates to TR

Topic: Elasticity and Total Revenue Exercise: Price Elasticity of Demand vs. Total Revenue TR = PXO Change in Price ($) Change in Quantity Total Quantity PED price (%) demanded Revenue ($) demanded 1.20 90 1.44 18% 81 1.54 75 1.72 64 W 1. Find the percentage changes in Prices