A manufacturer reduces the price of its digital cameras by from OMR 100 to 80 and, as a result, the volume of sales as demanded in the market rises from 200 to 600 units. Answer the questions: Q1. Calculate the price elasticity of demand with clear steps of working. [4marks] Q2. The observed value belongs to which type of price elasticity of demand. [1mark] Q3. Based on the answer of question 1 and question 2 analyse the elasticity graph and explain in your own words. (5marks]