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3. (6 points) Elasticities across the two locations A. Calculate the point price elasticity of demand at the optimal of $15.50 (and quantity of 960)

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3. (6 points) Elasticities across the two locations A. Calculate the point price elasticity of demand at the optimal of $15.50 (and quantity of 960) in Laredo. Demand Function of Laredo = D(q) -; 3 360 q + 12 B. Calculate the point price elasticity of demand at the optimal price of $15.50 (and quantity of 1440) in San Antonio. Demand Function of San Antonio =D(q)= - - -q +16 240

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