Use the table below to answer the following questions. Table 4.1.1 Demand schedule for good A. \[\begin{array} { c c } \hline \begin{array} { c } \text { Price } \\ \text { (dollars per unit) } \end{array} & \begin{array} { c } \text { Quantity demanded } \\ \text { (units) } \end{array} \\ \hline 9.00 & 0 \\ 8.00 & 2,000 \\ 7.00 & 4,000 \\ 6.00 & 6,000 \\ 5.00 & 8,000 \\ 4.00 & 10,000 \\ 3.00 & 12,000 \\ 2.00 & 14,000 \\ 1.00 & 16,000 \\ 0 & 18,000 \end{array}\] -Refer to Table 4.1.1.Demand is unit elastic when the price falls from

A) $8 to $7. B) $7 to $6. C) $6 to $5. D) $5 to $4. E) $4 to $3. A) $8 to $7. B) $7 to $6. C) $6 to $5. D) $5 to $4. E) $4 to $3.

Use the table below to answer the following question. Table 4.1.2 \[\begin{array} { c c } \text { Price } & \text { Quantity } \\ \text { per Volleyball } & \text { Demanded } \\ \$ 19 & 55 \\ \$ 21 & 45 \end{array}\] -Refer to Table 4.1.2.The table shows two points on the demand curve for volleyballs.What is the price elasticity of demand between these two points?

A) 2.5. B) 2.0. C) 0.5. D) 0.4. E) none of the above A) 2.5. B) 2.0. C) 0.5. D) 0.4. E) none of the above

Use the table below to answer the following questions. Table 4.1.1 Demand schedule for good A. \[\begin{array} { c c } \hline \begin{array} { c } \text { Price } \\ \text { (dollars per unit) } \end{array} & \begin{array} { c } \text { Quantity demanded } \\ \text { (units) } \end{array} \\ \hline 9.00 & 0 \\ 8.00 & 2,000 \\ 7.00 & 4,000 \\ 6.00 & 6,000 \\ 5.00 & 8,000 \\ 4.00 & 10,000 \\ 3.00 & 12,000 \\ 2.00 & 14,000 \\ 1.00 & 16,000 \\ 0 & 18,000 \end{array}\] -Refer to Table 4.1.1.If the price of good A falls from $4 to $3,

A) total revenue will increase. B) total revenue will remain constant. C) demand is elastic in this range. D) demand is unit elastic in this range. E) demand is inelastic in this range. A) total revenue will increase. B) total revenue will remain constant. C) demand is elastic in this range. D) demand is unit elastic in this range. E) demand is inelastic in this range.

Use the table below to answer the following question. Table 4.1.4 \[\begin{array} { c c } \begin{array} { c } \text { Price } \\ \text { (dollars per chip) } \end{array} & \begin{array} { c } \text { Quantity Demanded } \\ \text { (millions of chips per year) } \end{array} \\ \hline 200 & 50 \\ \hline 250 & 45 \\ \hline 300 & 40 \\ \hline 350 & 35 \\ \hline 400 & 30\\\hline \end{array}\] -Refer to Table 4.1.4.The table shows the demand schedule for computer chips.As the price rises from $200 a chip to $300 a chip,total revenue ________.So at a price of $250 a chip,demand is ________.

A) falls;inelastic B) rises;inelastic C) falls;rises D) rises;elastic E) rises;unit elastic A) falls;inelastic B) rises;inelastic C) falls;rises D) rises;elastic E) rises;unit elastic