The Napa Valley Wine Company sells a premium bottle of pinot noir. Sales data for four price points is shown into the table below. Please calculate the total revenue and elasticity of demand and enter them in the table below. Please attach a separate sheet with your calculations. Calculations must be neat, organized, and easy to follow. No credit will be given for answers without evidence of calculations. Price Quantity demanded Total Revenue Elasticity of demand Is demand elastic or inelastic $75 11,562 −− −− 65 12,867 60 13,256 45 19,372