Paragraph Styles 3. The price and quantity demanded of a particular smartphone app are shown in the table below. (12 points) Price ($ per $0 $1 $2 $3 $4 $5 $6 download) $7 Quantity Demanded (millions 7 6 5 3 2 1 0 of downloads) a) Draw the demand curve for the app. b) Calculate the price elasticity of demand between prices $0 and $1. c) Suppose the current market price for the app is $3, and the app owner, who is one of your friends, is considering to raise it to $4. What suggestion would you give to him? d) Suppose the current market price for the app is $6, and the app owner, who is one of your friends, is considering to raise it to $7. What suggestion would you give to him