Refer to the table below containing the market demand schedule for canoes. Quantity Demanded Price ($ per canoe) (canoes per month) $1, 000 600 300 300 600 1, 200 100 1, 500 a. Draw a graph showing the demand curve D. Plot only the endpoints of the curve, 2 points In total, In the graph below. Demand for Canoes 1200 Tools 1000 Demand 800 Price ($ per canoe) 600 400 200 0 300 600 900 1200 1500 1800 2100 Quantity (canoes per month)Quantity (canoes per month) b. What is sellers total revenue at each price? At a price of $1,000 total revenue is $, it is $ at a price of $800, $ at a price of $600, and $ at a price of $400. c. On the basis of your answers to parts (a) and (b), how would you describe the elasticity of the market demand curve for canoes? Demand is elastic from prices $1,000 to $800, |elastic from prices $800 to $600, and elastic from prices $600 to $400. d. What is the numerical value of the coefficient of the price elasticity of demand, ed, in the three relevant price ranges? Do not round your Interim calculations before obtaining the final solution (l.e. do not clear your calculator). In each case, express the number to two decimal places and do not Include a positive or negative sign (1.e. 1.67, not -1.7 or +1.667). From prices $1,000 to $800 ed is , from prices $800 to $600 it is , and from prices $600 to $400 it is e. Are your answers to parts (c) and (d) for the three relevant price ranges consistent? No v, because demand in part (c) is elastic when the coefficient in part (d) is less than 1 and demand is inelastic when the coefficient is less than 1. f. The numerical value of the slope of this demand curve is . Remember to enter a minus sign if applicable. Does a demand curve with a constant slope have a constant numerical price elasticity? Yes v, because the value of the price elasticity of demand changes v in different price ranges