Economics Homework Help

1) Is the following statement true or false? Explain.

A more elastic demand curve yields a greater change in revenue for the same shift in the supply curve.

2) Is the following statement true or false? Explain.

Marginal revenue is zero when own price elasticity of demand is zero.

3) Please submit  your response (between 20 – 50 words) to the following question.

Question. Based on your reading of the article Coronavirus fight sends economy into turmoil.pdf Download Coronavirus fight sends economy into turmoil.pdf, what would be an educated guess about the elasticity of goods that consumers purchase more during a pandemic?