If price were increased from $25 to $26 and quantity demanded fell from 10 to 9,calculate elasticity;state whether demand is elastic,unit elastic,or inelastic;and find out how much total revenue was when price was $25 and $26.

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The Answer of If price were increased from $25 to $26 and quantity demanded fell from 10 to 9,calculate elasticity;state whether demand is elastic,unit elastic,or inelastic;and find out how much total revenue was when price was $25 and $26.

If Price Were Increased from $25 to $26 and Quantity