Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
