/ ID 6 9 (20) One of the cud of chapter questions referenced Henry Ford's introduction of the Model T. The price of 8 Ford car went from 825 in 1907 to $260 1n 1925, Ford Motor Company's sales revenue went from $8,799,450 n 1907 to 497.043,300 in 1925. Calculate the percent change in the price of a car from 1907 10 1925. a b. Calculate the percent change in Ford revenues over the same period. . Calculate the price elasticity of demand for cars ia 1907 d. Explain how lowering the price could yield an imerease in revenue for Ford