Could someone please assist me with the question attached? Thank you so much!

2. After seeing your analysis, Cal decides to lower the price of gas to $2.739 per gallon. After this change, the volume Answer question 2 below. sold increased to 4,400 gallons per day. He asks you to measure his business gains or losses as a result of this price Quantity Price change. Fixed costs are $250 per day- 3600 4400 What is the price elasticity of demand? Average Average Can the demand be characterized as price elastic, price inelastic, or neither? 4000 By how much did revenues increase or decrease as a result of the change in price? change change Elasticity of Demand By how much did profits increase or decline? ( Profits are revenue minus all costs.) Elasticity: By how much did revenues increase or decrease as a result of the change in price? By how much did profits increase or decline? Gallons sold Variable Cost Daily Profit per day Price Revenue (price x gallons) Cost per Gallon (cost per unit |Fixed cost per day Total Cost (Fixed + (revenue- all x volume) Variable) costs 3600 4400 3. After seeing the result (from question 2), Cal decides to lower his price once again to $2.729 per gallon. Once Answer question 3 below. again, volume sold increases and settles at 4,800 gallons per day. He is worried that any further price cut will cause Quantity Price the discount station across the street to also lower it price. 4400 4800 What is the price elasticity of demand? Average Average Can the demand be characterized as price elastic, price inelastic, or neither? 4600 By how much did revenues increase or decrease as a result of the change in price? % change %% change Elasticity of Demand By how much did profits increase or decline? (Profits are revenue minus all costs.) Elasticity: By how much did revenues increase or decrease as a result of the change in price? By how much did profits increase or decline? Variable Cost Daily Profit Gallons sold (cost per unit | Fixed cost per day per day Price Revenue (price x gallons) Cost per Gallon Total Cost (Fixed + (revenue - all x volume) Variable) costs 4400 4800