Define the price elasticity of demand? What information does it provide? How is it calculated?

MUST BE ABSOLUTLEY 100 % ORIGINAL WITH REFERENCESIF ANY PERCENTAGE IS FOUND TO BE PLAGIARIZED, IMMEDIATE REFUND WILL BE REQUESTEDOver the last year your boss has noticed that it would be useful for your firm to understand how consumers behave when variables in the market change and how these changes affect the total revenue for your product. You have been asked to do an analysis for your product, Good A, by addressing the following questions and reporting the results to your boss in a formal paper.Figure 1: The Demand Schedule for Barbeque DinnersPrepare an analysis by answering the above-noted questions. Your analysis will consist of two documents as follows:

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