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a) Ahmed sells lunch packets from a vending cart in Abu Dhabi. The table below shows his total revenues per day at four different prices.

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a) Ahmed sells lunch packets from a vending cart in Abu Dhabi. The table below shows his total revenues per day at four different prices. Between which two prices is the demand for lunch packets elastic? Explain your answer. Price per unit Total revenue KAED) KAED) b) Which one would you expect to have less price elasticity of demand the demand for fruits or the demand for oranges? 10.00 1100 Why? 12.50 1250 15.00 1250 17.50 1000

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