(Price Elasticity and Total Revenue) Fill in the blanks for each price-quantity combination listed in the following table. Now graph this relationship, making sure to label each axis. What relationship have you depicted?

P Q price elasticity total revenue

$ 9 1 -------------------- -----------------

$ 8 2 -------------------- -----------------

$ 7 3 -------------------- -----------------

$ 6 4 ------------------- -----------------

$ 5 5 ------------------- -----------------

$ 4 6 ------------------- -----------------

$ 3 7 ------------------- ----------------

$ 2 8 -------------------- -----------------