The following graph represents the market demand for paper towel. Select the correct answer from each dropdown menu. Fri:- :20 1! 10 ll l2 ID I B I 2 Immmmmm m Important note: when calculating a price elasticity of demand, if you arrive at an answer that is a negative number, you should ignore the minus sign and choose the corresponding answer that is a positive number. (3) Using the midpoint method, the elasticity of demand between points A and B is equal to [Select] ' Demand is [59'3\" 3 between points A and B. This is consistent with the fact that total expenditure (or total revenue) in the paper towel market [Select] as we move from point Ato B. lb) Using the midpoint method. the elasticity of demand between points B and C is [Select] 3 . Demand is [58'5\"] * between points B and C. This is consistent with the fact that total expenditure (or total revenue) in the paper towel market [Select] 3 as we move from point B to C. Options are: a) 1- "1.00", "1.33", "2.50", "6.00" 2- "elastic", "inelastic", "unit elastic" 3- "increases", "decreases", "stays the same" b) 1- "0.4", "0.75", "1.00", "1.33" 2 "elastic", "inelastic", "unit elastic" 3 "increases", "decreases", "stays the same"