For Host259 class, I want to understand about price elasticity of demand. Please solve the question, and provide me with how to solve the two questions.

Hospitality and Marketing Chapter 11 - Pricing Price Elasticity of Demand The Hot Sheet motel sold 1,000 rooms in the month of May at $30 per room. In June they raised their rates to $33 and sold 950. Determine the level of elasticity and determine If you consuder this product to be elastic or inelastic? $79 1' [(900 4%\" 25, ... .' 34:30 ' t2/ \\