Q4 The market demand for laptops in a certain city of Ontario is shown in the following table. Calculate TR and answer the questions given below the table.                                  Price {$} Quantity demanded Total revenue {TR} 3500 5   3000 10   2500 15   1500 25   1000 30   500 35     Do you think the demand is elastic when the price decreases from $1000 to $500? Why? {Apply TR test} Is the demand unit elastic

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