From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand:


Quantity



1



2



3



4



5



6



7



8



9



Marginal Revenue



10



6



2



2



2



0



0



0



-5



Quantity



Marginal Revenue (MR)



Total Revenue (TR)



Average Revenue (AR) =TR/Quantity



Elasticity of Demand (Ed) = (ΔQ/ ΔP) (P/Q)



1



10



10



10



-



2



6



16



8



5



3



2



18



6



2



4



2



20



5



2



5



2



22



4.4



2.5



6



0



22



3.67



1



7



0



22



3.14



1.2



8



0



22



2.75



1.1



9



-5



17



1.89



0.38






2