e. Calculate a \"advertising elasticity of demand." Based on this, by what percent should advertising expenditures increase in order to increase sales by 10 percent? Note: work from the original price and output levels, NOT the prot maximizing levels. 3. List 3 products in order of their price elasticity of demand (start with the most elastic). Explain fully using the concepts developed in class Whyr you ranked the goods in the order you did. Be sure to use all the price elasticity of demand determinants not just one