Interact with the graph by moving the price point as directed to answer the following questions. The graph is not graded.

Panel A

Panel B

Total Revenue and Total Revenue and intivolu, Inalactin naRalatively Flastic. Dem:

In the graph, increase price from $$2$ to $$4$ to calculate the revenue gained, revenue lost, and total change in revenue for each panel.

Relatively Inelastic Demand

a$.$ Revenue gained $=$$

b$.$ Revenue Lost $=$$

c$.$ Total Change in Revenue $=$$

Relatively Elastic Demand