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In each case below, determine the effect on the sellers' total revenue and identify whether the demand curve in this particular market is plastic, Inelastic,
In each case below, determine the effect on the sellers' total revenue and identify whether the demand curve in this particular market is plastic, Inelastic, or unit-elastic in the relevant price range a When the price per package of a brand of chocolate chip cookies increases from $5 to $9, monthly quantity demanded decreases from 20,000 to 10.000 packages Initial total revenue is $ and final total revenue is $ 1MIN Demand is (Click to select) b. A fall in the price of sugar from $5 to $3 per carton raises weekly quantity demanded from 15,000 to 20 000 cartons. Initial total revenue is $[ and final total revenue is$ . Demand 's Click to saled) v c. A rise in the quantity demanded of a monthly fashion magazine from 20,000 to 30.000 copies occurs when its newsstand price is reduced from $10 to $7. Initial total revenue is $ and final total revenue is $ . Demand is (Glick to select y "d. Daily quantity demanded of a particular model of earphones rises from 3,800 to 4,000 earphones if the price drops from $200 to $190, Initial total revenue is $ and final total revenue is $ Demand is [Click to select)
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