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Fill in the total revenue column. b. When the price of a bottle of sunscreen decreases from $14.00 a bottle to $12.00 a bottle, what is the change in total revenue? $ ________ c. When the price of

 Fill in the total revenue column.

b. When the price of a bottle of sunscreen decreases from $14.00 a bottle to $12.00 a bottle, what is the change in total revenue?

$ ________

c. When the price of a bottle of sunscreen decreases from $10.00 a bottle to $6.00 a bottle, what is the change in total revenue?

$ _____

d. When the price of a bottle of sunscreen decreases from $4.00 a bottle to $2.00 a bottle, what is the change in total revenue?

$ _______

e. When the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, demand is:

  inelastic.
  elastic.
  perfectly elastic.
  unit-elastic.

f. When the price of sunscreen is in the range of $4.00 per bottle to $2.00 per bottle, demand is

  inelastic.
  unit-elastic.
  elastic.
  perfectly elastic.

g. Total revenue for sunscreen is maximized at a price of:

  $8.
  $12.
  $10.
  $6.

h. When total revenue for sunscreen is maximized, demand is

  perfectly elastic.
  inelastic.
  elastic.
  unit-elastic.

Aug 23 2021 View more View Less

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