Hello there, I have another question for you.

2. A retail store faces a demand equation for Roller Blades given by: Q=180 1.5P, were Q is the number of pairs sold per month and P is the price per pair in dollars.

a) The store currently charges P= $80 per pair. At this price, determine the number of pairs sold.

b) If management were to raise the price to $100, what would be the impact on pair sold? On the stores revenue from Roller Blades?

c) Compute the point elasticity of demand first at P=$80, then at P= $100. At which price is demand more price sensitive?