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3. [15 Points] 60 13) Jimmy is going to Disneyland tomorrow. His mom didn't even look at the price of Disneyland tickets before offering to

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3. [15 Points] 60 13) Jimmy is going to Disneyland tomorrow. His mom didn't even look at the price of Disneyland tickets before offering to take him there. What does that suggest about her priceelasticity of demand for Disneyland tickets? Explain. Tomorrow at Disneyland, Jimmy will ask to buy a trinket at the gift shop. His mom will say \"Maybe. It depends on the price.\" What does that suggest about her price elasticity of demand for Disneyland trinkets? Explain. (4) Assume all moms are like Jimmy's mom. You are in charge of increasing revenue for Disneyland. Should you lower the price of tickets? Should you lower the price of trinkets? Explain. (6) At $2.50 per portion, Disneyland sells 8000 portions of French fries per day. Experimentation has shown that if it charges $3, the quantity demanded falls to 6000. What is the priceelasticity of demand over this interval? Can you tell whether such a price increase would increase or decrease profits

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