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Philip sells homegrown heirloom tomatoes at a local farmer's market. Suppose for the past several weeks, Philip has been selling his tomatoes for $2.10 per

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Philip sells homegrown heirloom tomatoes at a local farmer's market. Suppose for the past several weeks, Philip has been selling his tomatoes for $2.10 per pound and he has been selling 105 pounds of tomatoes each week. Suppose this week he drops the price of the tomatoes to $1.90 per pound and as a result of the price drop, he is stilling 135 pounds of tomatoes. (a) Using the midpoint rule, what is the percentage change in the quantity of tomatoes sold from the drop in price? % (Enter your answer as a percentage with no decimals rounded to the nearest whole percent (i.e. 33% or -10%)) (b) Using he midpoint rule, what is the percentage change in the price of Philip's tomatoes? % (Enter your answer as a percentage with no decimals rounded to the nearest whole percent (i.e. 33% or -10%)) (c) Using the midpoint rule, what is the price elasticity of demand for Philips tomatoes? (Enter your answer rounded to one decimal place) (d) Is the demand for the cauliflower elastic or inelastic? (Enter either elastic or inelastic, do not write a complete sentence, please check your spelling) (e) Does her total revenue increase or decrease with the change in price? (Enter either increase or decrease, do not write a complete sentence, please check your spelling)

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