If price were increased from $30 to $33 and quantity demanded fell from $25 to $20, calculate elasticity; state whether demand is J elastic, unit elastic, or inelastic; and find how much total revenue was when price was $30 and $33. Instructions: Enter your answer for elasticity rounded to 1 decimal place. If you are entering a negative number, be sure to use a negative (-) sign. Elasticity: Demand is inelastic Price Quantity Total Revenue $30 $33