Answer the question on the basis of the following demand schedule. 
The price elasticity of demand is relatively elastic
Definitions:
Trial Balance
A financial statement that lists all the balances of a company's general ledger accounts at a specific point in time, ensuring that debits equal credits.
Transactions
Actions or activities conducted by a company that affect its financial statements, such as sales, purchases, and payments.
Transposition Error
A specific type of accounting error caused by switching the order of digits in a number, often leading to discrepancies in financial records.
Debit Column
Refers to the section in accounting records where decreases in liabilities, or increases in assets and expenses are logged.
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