Table :

TABLE 5.2 Elasticity and Revenue

Absolute Value of Elasticity	Name	How Revenue Changes with Price
\|E_d\| < 1	Inelastic	Price and revenue move together.
\|E_d\| > 1	Elastic	Price and revenue move in opposite directions.
\|E_d\| = 1	Unit elastic	When price changes, revenue stays the same.