concluded that if the price increases (decreases) by 1%, sales will decline (increase) by 2%. Detailed and careful statistical and technical analyses have conrmed that in the US. the company faces a price elasticity of demand equal to 2. In the [1.5. the company charges $120,000 per batch, and last year total sales amounted to 4,000 hatches. Last year total revenues were $480 million and total costs were $330 million. a) Renders! the pricing model(s) being used in the US. What can you find out - is the firm setting the optimal price and output level? b) What additional type of information would you like to have in order to undertake a more complete analysis