Price Quantity Demanded Total Revenue Arc Elasticity
10 50
20 40
30 30
40 20
50 10
What equation(s) would I use to find the above information?
Sorry everyone if you weren't able to understand what I previously wrote...
Price.......... Quantity Demanded.......... Total Revenue............Arc Elasticity
10......................50
20......................40
30......................30
40......................20
50......................10
I need to find the total revenue and arc elasticity....what equation(s) would I use for finding those?