Reasoning from the results you just calculated is the, Econometrics

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Reasoning from the results you just calculated is the

The graph above shows the demand curve for pineapples.

a. Calculate the amount of revenue the seller would receive if the price is set at $3.

b. Calculate the amount of revenue the seller would receive if the price is set at $5.

c. Reasoning from the results you just calculated, is the demand for bananas elastic or inelastic, in this range of prices? How do you know?

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