Qyestion image

In each case below, determine the effect on the sellers' total revenue and identify whether the demand curve in this particular market is elastic, inelastic, or unit-elastic in the relevant price range a. When the price per package of a brand of chocolate chip cookies increases from $6 to $8, monthly quantity demanded decreases from 15,000 to 10,000 packages. Initial total revenue is $ and final total revenue is $ Demand is unit-elastic b. A fall in the price of sugar from $5 to $3 per carton raises weekly quantity demanded from 25,000 to 30,000 cartons. Initial total revenue is $ and final total revenue is $ . Demand is unit-elastic c. A rise in the quantity demanded of a monthly fashion magazine from 25,000 to 35,000 copies occurs when its newsstand price is reduced from $9 to $7. Initial total revenue is $ and final total revenue is $ Demand is | elastic d. Daily quantity demanded of a particular model of earphones rises from 2,500 to 3,000 earphones if the price drops from $120 to $100. Initial total revenue is $ and final total revenue is $ Demand is elastic