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6. Fill in the total revenue column for each demand schedule then determine if each is elastic, inelastic, or unitary elastic.

6. Fill in the total revenue column for each demand schedule then determine if each-example-1

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First demand Schedule:

15 x 5 = 75

10 x 10 = 100

5 x 25 = 125

The demand is elastic

Second demand schedule

15 x 5 = 75

10 x 7 = 70

5 x 10 = 50

The demand is inelastic

Third demand schedule:

15 x 6 = 90

10 x 9 = 90

5 x 18 = 90

The demand is unitary

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