- (Price Elasticity and Total Revenue) Fill in the blanks for each price-quantity combination listed in the following table. Now graph this relationship, making sure to label each axis. What relationship have you depicted? P             Q                   Price Elasticity                 Total Revenue 9             1                                                                   9 8             2                                                                  16 7             3                                                                  21 6             4                                                                  24 5             5                                                                  25 4             6                                                                  24 3             7                                                                  21 2             8                                                                  16

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