B 2. A department store has estimated the demand curve for a popular brand of...
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B 2. A department store has estimated the demand curve for a popular brand of women's dress shoes as a function of price. Use the table to answer the question that follow. Points Price per pair Dress shoe sales per week A RO 18 100 RO 15 200 RO 12 300 RO 9 400 RO6 500 F RO3 600 a Calculate demand elasticity between points A and B, between points C and D, and between points E and F. b. If the store currently charges a price of RO12, then increases the price to RO15, what happens to total revenue from shoe sales? DA
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