Question No 4:   Calculate the Elasticity of Demand by using Midpoint Formula Price (P)  Quantity  Demanded (Q)  Elasticity  Coefficient of  Demand (Ed)  Total Revenue  TR(P×Q)  Total Revenue Test  Elastic, Inelastic or  Unit elastic 1  6       2  5       3  4       4  3       5  2       6  1

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Q: None

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