Refer to the graph below for the attached questions. (12 points; 3 points each).

(1) Moving from Point A to Point B, what is the point price elasticity of demand? What is the dollar change in total revenue?

Your answer:Elasticity:(Round your answer to one decimal place, unless your answer is an integer.)

Dollar change:(Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.)

(2)Assuming that the demand curve is for a monopoly, what are therevenue maximizingquantity and price?

Your answer:Quantity:(Do NOT include words;Round your answer toonedecimal place, unless your answer is an integer.)

Price:(Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.)

(3)Assuming that the monopoly's AC=MC=2 (constant), what are the monopoly'sprofit maximizingquantity and price?

Your answer:Quantity:(Do NOT include words;Round your answer toonedecimal place, unless your answer is an integer.)

Price:(Do NOT include "$"; Round your answer to one decimal place, unless your answer is an integer.)

C A blackboard.gwu.edu/webapps/assessment/take/launch.jsp? course_assessment_id=_236235_18course_id=_329177_1&content_id=_9899833_1&step=null Remaining Time: 1 hour, 54 minutes, 45 seconds. * Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 P Demand function A O=100- 20P or P =5-- 20 O B W C 2 D Demand Curve 20 40 60 80 Q Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit Type here to search O Eli me a 9 W 4:48 PM 3/6/2020