SHORT ANSWER QUESTION from: Price Elasticity of Demand; Consumer and Producer Surpluses; and, Government Intervention XXXXXXXXXXMULTIPLE CHOICE QUESTION SECTION from: Definition of PED Definition of...

SHORT ANSWER QUESTION from: Price Elasticity of Demand; Consumer and Producer Surpluses; and, Government Intervention. (20-30) MULTIPLE CHOICE QUESTION SECTION from: Definition of PED Definition of Elastic and Inelastic Factors that justify an elastic or inelastic demand; Calculation of PED and its classification; Effect of PED on Total Revenues