#1 Based on the determinants of elasticity as discussed in the text, explain what the price elasticity of demand of the following products would be: (a) ballpoint pens; (b) Crest toothpaste; (c)...

#1
Based on the determinants of elasticity as discussed in the text, explain what the price elasticity of demand of the following products would be: (a) ballpoint pens; (b) Crest toothpaste; (c) diamond rings; (d) sugar; and (e) refrigerators.
(a) Ballpoint pens:
(b) Crest toothpaste:
(c) Diamond rings:
(d) Sugar:
(e) Refrigerators:
#2
Using the demand data given, complete the following table by computing total revenue at each of the prices.
Indicate whether demand is elastic, inelastic, or unitary between each set of prices.

Price	Quantity demanded	Total revenue	Character of demand
$1000	300	$_____
__________
900	400	_____
__________
800	500	_____
__________
700	600	_____
__________
600	700	_____
__________
500	800	_____
__________
400	900	_____
__________
300	1000	_____
__________
200	1100	_____
__________
100	1200	_____

ECON203 Graded Activity 2 #1 Based on the determinants of elasticity as discussed in the text, explain what the price elasticity of demand of the following products would be: (a) ballpoint pens; (b) Crest toothpaste; (c) diamond rings; (d) sugar; and (e) refrigerators. (a)Ballpoint pens: (b)Crest toothpaste: (c)Diamond rings: (d)Sugar: (e)Refrigerators: #2 Using the demand data given, complete the following table by computing total revenue at each of the prices. Indicate whether demand is elastic, inelastic, or unitary between each set of prices. Price Quantity demanded Total revenue Character of demand $1000 300 $_____ __________ 900 400 _____ __________ 800 500 _____ __________ 700 600 _____ __________ 600 700 _____ __________ 500 800 _____ __________ 400 900 _____ __________ 300 1000 _____ __________ 200 1100 _____ __________ 100 1200 _____