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b. What is sellers' total revenue at each price? At a price of $2,000 total revenue is $ , it is $ at a price of $1,600, $ at a price of $1,200, and $ at a price of $800. c. On the basis of your answers to parts (a) and (b), how would you describe the elasticity of the market demand curve for canoes? Demand is elastic from prices $2,000 to $1,600, unit-elastic |from prices $1,600 to $1,200, and inelastic from prices $1,200 to $800. d. What is the numerical value of the coefficient of the price elasticity of demand, ed, in the three relevant price ranges? Do not round your Interim calculations before obtaining the final solution (I.e. do not clear your calculator). In each case, express the number to two decimal places and do not include a positive or negative sign (Le. 1.67, not -17 or +1.667). From prices $2,000 to $1,600 ed is , from prices $1,600 to $1,200 it is and from prices $1,200 to $800 it is e. Are your answers to parts (c) and (d) for the three relevant price ranges consistent? Yes , because demand in part (c) is elastic when the coefficient in part (d) is greater than 1 and demand is inelastic when the coefficient is less than 1. f. The numerical value of the slope of this demand curve is Remember to enter a minus sign if applicable Does a demand curve with a constant slope have a constant numerical price elasticity? No because the value of the price elasticity of demand changes in different price ranges.