Plotting the Elasticity of Demand Below are demand schedules for milk and watermelon. Use these schedules to plot the demand curves on the graphs. Demand Schedule for Milk Price Gallons MILK Per Gallon Demanded $5 100 Demand curve for milk $4 110 mo Ow> $3 120 $2 140 $1 160 3 Price per gar 2- Demand curve for watermelon 50 100 150 200 Gallons $1.00 Demand Schedule for Watermelon $.60 Price Pounds Per Pound Demanded $1.00 100 .80 140 60 200 200 400 800 1,000 40 400 .20 1000 1. Which product has a relatively elastic demand curve?_ (flat) (steep) 2. Which product has a relatively Inelastic demand curve