help me in this

Due by Friday, October 9, 11:59 PM (Vancouver Time). Late submission: less than 24 hrs late = 2 points deducted 24-48 hrs late = 4 points deducted more than 48 hrs late = 0 points awarded 1. Famous Cinema Theatres sell the movie tickets for $16 per ticket for evening screenings and sell 250 tickets a night on average. They estimate that the own price elasticity of demand for tickets is (negative) 0.7. Calculate the expected number of tickets sold if they reduce the ticket price to $14. (2) 2. A market demand is given by Q, = 200- 3.5P, + 2.5P, + 0.04M, where Q, is the quantity demanded of good A. P, is good A's price, P, is good B's price, and M is the average good A's consumer monthly income. If PA = $12, P; = $10, and M = $2,500, a. calculate good A's (point) own-price elasticity; (1) b. calculate good A's (point) cross-price elasticity; (1) c. calculate good A's (point) income elasticity: (1) d. Are A and B complements or substitutes? Explain how you know. (1) e. Is A normal or inferior good? Explain how you know. (1) 3. Juventus is an Italian soccer super club. They are huge. They have won 37 scudetti, 13 Coppa Italia titles and 8 Supercoppa Italiana titles. They are the only club that have won every UEFA trophy ever. The are supported by over 12 million tifosi (fans, supporters) in Italy and by estimated more than 180 million fans worldwide (this number may have increased significantly since Cristiano Ronaldo has joined their roster). Juventus have made it 9 times to the Champions League final, and amazingly lost 7 of them. Many Italian Canadians in Vancouver are Juventus tifosi In 2015 Juventus reached the Champions League final after 12- year absence, and I was hearing from more than one Italian Canadian friend how they really- really want to go to that game. eep Some of them did go. The 2015 Champions League final (Juventus-Barcelona) was played at the Olympiastadion in Berlin, Germany. Air tickets from Turin (Juventus home city) to Berlin range in price from about $75 to about $350. Air tickets from Vancouver to Berlin range in price from about $1,000 to about $1,500. Tickets to the game cost from about 670 for a category 4 ticket (the "worst" seats) to about 600 for a category 1 ticket (the "best" seats). Would you expect tifosi from Vancouver more likely to buy the category 1 tickets than their relatives from Turin or less likely? Explain why. (3)