Answer the following : A. DEMAND 1. Given the demand function: Qd = 260 - 20P a. Solve for the price elasticity of demand between P = 4 and P = 6. Determine whether demand is price elastic, price inclastic or unit elastic b. Think of a product that demand said to be (demand elasticity in a) Explain your answer. (Not more than 100 words) 2. Given the demand function: oines Qd = 48 - 4P a. Solve for the price elasticity of demand between P = 6 and P = 10. Determine whether demand is price elastic, price inelastic or unit elastic diversity of the PY SAYA b. Think of a product that demand said to be (demand elasticity in a). Explain your answer. (Not more than 100 words)3. Suppose that Travelers A and Travelers B have the following demand for airline tickets from Philippines to Korea: Price Quantity Demanded Quantity Demanded (Travelers A) (Travelers B) $200 2,000 800 5250 1,900 a. Solve for the price elasticity of demand of the Travelers A. Determine whether demand is price elastic, price inclastic or unit clastic. Give a reason for the elasticity of Travelers A University of the PI ISAYA b. Solve for the price elasticity of demand of the Travelers B. Determine whether demand is price elastic, price inelastic or unit elastic. Give a reason for the elasticity of Travelers B