If price were increased from $38 to $39 and quantity demanded fell from 18 to 13,calculate elasticity;state whether demand is elastic,unit elastic,or inelastic;and find how much total revenue was when price was $38 and $39.

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The Answer of If price were increased from $38 to $39 and quantity demanded fell from 18 to 13,calculate elasticity;state whether demand is elastic,unit elastic,or inelastic;and find how much total revenue was when price was $38 and $39.

If Price Were Increased from $38 to $39 and Quantity