Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
b). (7 points) On the following page plot the demand curve for the electricity in Graph 1 and the total revenue curve in Graph 2. (2 points for D curve; 2 points for TR curve; 1 each for the 3 ‘highlights’ for a total of 5 points)
· Highlight with blue the elastic section of the demand curve and the corresponding section of the total revenue curve.
· Highlight with red the unitary elastic section of the demand curve and the corresponding section of the total revenue curve.
· Highlight with green the inelastic section of the demand curve and the corresponding section of the total revenue curve.
c). (8 points) Complete the following summary table: (1 off for each incorrect answer up to 6)
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