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Hi, I need help understanding price elasticity of demand and how to graph it Given the following information on quantity demanded for each price level.

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Hi, I need help understanding price elasticity of demand and how to graph it

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Given the following information on quantity demanded for each price level. a) Fill in the following table for the price elasticity of demand and total revenue. Note: Please round your answer for price elasticity to two decimal places. 00000000 1 2 3 4 5 6 7 8 b) Graph the demand curve. Demand Curve 27- 24- Price Per Unit ($/Q) 21- 18- 15 12 NO- Co. 5 Reset 6 Quantity (units/week) COc) Graph the total revenue curve. Note: You must plot all the points to receive full marks. v Total Revenue Curve 3 g c g I .3 . . --------------- 8 0 i QuantitHunltsMeok)

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