Question: Using regression analysis on data from a field experiment, the demand curve for a product is estimated to be , where Pz = $ 3

Using regression analysis on data from a field experiment, the demand curve for a product is estimated to be , where Pz = $300.(LO1, LO4, LO5)
What is the own price elasticity of demand when Px = $140? Is demand elastic or inelastic at this price? What would happen to the firms revenue if it decided to charge a price below $140?
What is the own price elasticity of demand when Px = $240? Is demand elastic or inelastic at this price? What would happen to the firms revenue if it decided to charge a price above $240?
What is the cross-price elasticity of demand between good X and good Z when Px = $140? Are goods X and Z substitutes or complements?

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