Price	Quantity Demanded
14	220
16	200
18	180
20	160
22	140

Refer to the information above to answer this question.What is the elasticity of demand in the $14 to $16 range? (For this question we will practice DROPPING the negative sign just like they do in the text)

Select one:

a.

0.02.

b.

0.7.

c.

1.4.

d.

2.1.

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Price	Quantity Demanded
14	220
16	200
18	180
20	160
22	140

Refer to the information above to answer this question.What is the elasticity of demand in the $20 to $22 range?(For this question we will practice DROPPING the negative sign just like they do in the text)

Select one:

a.

0.02

b.

0.7

c.

1.4

d.

2.1

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Question9

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Price	Quantity Demanded
14	220
16	200
18	180
20	160
22	140

Refer to the information above to answer this question.What is the elasticity of demand in the $16 to $20 range?(For this question we will practice DROPPING the negative sign just like they do in the text)

Select one:

a.

0.02

b.

0.7

c.

1.0

d.

1.4

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Question10

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Price	Quantity Demanded
14	220
16	200
18	180
20	160
22	140

Refer to the information above to answer this question.At what price istotal revenuemaximized? (hint: total revenue (TR) = P x Q)

Select one:

a.

$14

b.

$16

c.

$18

d.

$20

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Question11

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Price	Quantity Demanded
14	220
16	200
18	180
20	160
22	140

Refer to the information above to answer this question.Over what price range is demandelastic?

** (For this question it is ok to DROP the negative sign just like they do in the text - this means that "Elastic" will be interpreted as greater than 1 approaching positive infinity)

Select one:

a.

$14 to $16

b.

$14 to $20

c.

$16 to $18

d.

$18 to $22.