# Economics

Very confused on how to figure these out.
Suppose that the following table shows the weekly visits to an amusement park as a function of the daily admission fee charged:
#visits daily fee
200 \$50
400 \$40
600 \$30
800 \$20
1000 \$10
What is the price elasticity of demand when the daily fee is \$20? When the daily fee is \$40?
What is the elasticity of demand at the price which maximizes total revenue?
What price maximizes total revenue?
What is the arc price elasticity between the prices of \$40 and \$20 per day?

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