Question: I need the answer as soon as possible 12. The table below shows the retail price and sales for instant coffee and roasted coffee for

I need the answer as soon as possible

12. The table below shows the retail price and sales for instant coffee and roasted coffee for two years. Retail Price of Instant Coffee ($/Lb) 10.35 10.48 Sales of Instant Coffee (Million Lbs) Year Retail Price of Roasted Coffee ($/Lb) 4.11 3.76 Sales of Roasted Coffee (Million Lbs) Year 1 75 820 Year 2 70 850 a. Using these data alone, estimate the short-run price elasticity of demand for roasted coffee. Derive a linear demand curve for roasted coffee

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