BACK In-class 3&4 END AND SUBMIT PG Time left In November Ford sold 2700 cars with an average price of $35,000. In December Ford decided to have a Christmas sale and decreased the average price to $30,000. That allowed Ford to sell 7500 cars. The variable cost of a Ford car is $25,000, Fixed costs associated with the period are 10,000,000 for each period. Q1.1. Calculate the elasticity of demand. Q1.2. What kind of a No time good is it? (!) CHOOSE 2 Below limit Please select the correct choice * This question may have multiple correct choices. Try to get all the correct ones. Go to question O A -2.2 1 2 3 4 5 B -8.0 6 7 8 O C -12.4 O D 2.2 O E 8.0 OF 12.4 O G normal, elastic O H normal, not elastic OI luxury good, not elasticv Time left In November Ford sold 2700 cars with an average price of $35,000. In December Ford decided to have a Christmas sale and decreased the average price to $30,000. That allowed Ford to sell 7500 cars. The variable cost of a Ford car is $25,000. Fixed costs associated with the period are 10,000,000 for each period. 02. Calculate profit for November. No time limit Please select the correct choice // '\\\\ i A -$5M 1 \\\\ // v Go to question \\ f // \\\\\\ i B $20M : \\ , / 1 2 3 4 5 y/ \\ i/ c $27M j: o v s * / / \\ i D $17M ,1 \\\\ V/ 090 Previous Save now Next