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Question #1: Initially. an internet TV subscription service is priced at $30/month. but then the price drops to $27. Consequently. the new subscribersjumps by 40%. 1. What is the price elasticity of this TV subscription service? (1 pt) 2. What type of elasticity it is? (elastic. inelastic, or unitary)? (0.5 pt) Question2: Joanna developed an smartphone App and sells it on App Store for $8.75. The variable cost is $5.75 per App. The App must be downloaded 15,000 times if the target prot is $20000. What is the amount of xed cost? (1 pt)