1.The San Francisco Giants want to boost revenues from ticket sales next season. You are hired as an economic consultant and asked to advise the Giants whether to raise or lower ticket prices next year. If the price elasticity of demand for Giants game tickets is estimated to be -21.6, what would you advise? Bebriefand asspecificas possible.

[Clarification: State whether you wouldadvise the Giants to increase or decrease ticket pricesandprovide a brief explanation for your answer]

2.Suppose that at a price of $8, 13,600 units were sold while at a price of $6, 15,200 units were sold.Without calculating the value of priceelasticity of demand, can you determine whether demand is elastic, unit elastic, or inelastic between the price of $6 and the price of $8 ? Explain your answer.

[Clarification: AnswerYESorNO,and provide a brief explanation for your answer]