Use the graph of the demand curve below describing daily meals at Chipotle Mexican Grill to answer the following questions. Each answer can only be chosen once.

worksheet $3$ chipotle demand.png

Group of answer choices

Since a $$25$ price is at the "top" of the demand curve, what do you expect the elasticity to be around that price?

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Since a $$10$ price is at the "bottom" of the demand curve, what do you expect the elasticity to be around that price?

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How much revenue is this Chipotle restaurant expected to earn if they charge $$10$ per meal?

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If Chipotle decides to increase its price from $$10$ to $$15,$ what should happen to revenue?

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What is the price elasticity of demand between $$10$ and $$15?$ Use the midpoint method.

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What is the price elasticity of demand between $$25$ and $$20?$ Use the midpoint method.

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If Chipotle is currently charging $$25$ per meal, what should Chipotle do to the price if they wish to increase revenue?

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Flag question: Question $3$

Question $33$ pts

Suppose Tesla knows the price elasticity of demand for its Model $3$ is $0\mathrm{.}8$ and Tesla wishes to increase its price by $10\%.$  It should expect revenue from Tesla $3$ sales to

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and for quantity demanded of the Model $3$ to

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by

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