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889 3. After seeing the result (from question 2), Cal decided to lower his price once again to $2.729 per gallon. Once again,

56 $7 Answer question 3 below. $8 Quantity Price 59 4800 2.729 50 4400 2.739 Average Average 4000 2.749 % change % change 9 .

   please help with question 3. I am attaching question #2's info below to help with question 3. Please layout in table format for question 3. thanks for your help.

2. After seeing your analysis, Cal decides to lower the price of gas to $2.739 per gallon. After this change, the volume sold



WP 8 ,822.00 $ 1,110.80 40 Answer question 2 below. Quantity Price 3600 2.759 4400 2.739 44 Average Average 4000 2.749 46 % c

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Answer #1
Quantity Price
4800 2.729
4400 2.739
Average Average
4600 2.734
%Change %Change Elasticity
0.090909091 -0.003650968 -24.9
Elasticity Elastic
Revenues Increased by 1047.6
Profits increased by 95.2
GallonsSold per day Price Revenue Cost per gallon Variable cost Fixed cost Total cost daily profit
4800 2.729 13099.2 2.381 11428.8 250 11678.8 1420.4
4400 2.739 12051.6 2.381 10476.4 250 10726.4 1325.2

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