Elasticity Calculation, a) The current rooms sold per day is 50, ar is $80. IF ADR is increased to $90, 45 rooms are so it is the point elasticity for P=$90 (4 pts) b) The current rooms sold per day is 50, and ADR is $80. If ADR is decreased to $75,55 rooms are sold, what is the point elasticity for P=$75 (4 pts) Variance Calculation. c) Banquet food sales revenue for a month were estimated to be 20,000 covers at $14.00 each. Actual sales were 21,500 customers at $13.50 each. Determine total, price, and sales volume variances. (9 pts)