In the Camry focus group analysis in the chapter, we used a regression to estimate the demand for Camrys. Using that equation, how many fewer Camrys would the focus group buy if the price were increased by $2 thousand?

How many Camrys would the focus group purchase if the price is $16 thousand?

What is the elasticity of demand if the price is $16 thousand?

Part 2 Assume the estimated demand curve for Camrys is

Q=53.8571.4381

Part 3

If the price were increased by $2 thousand, then the quantity of Camrys would change by "enter your response here thousand.Z"(Enter your response, in thousands, rounded to three decimal places and include a minus sign if necessary.)

Part 4 If the price were $16 thousand, then the quantity demanded would be enter your response here thousand.

(Enter your response, in thousands, rounded to three decimal places.)

Part 5If the price were $16 thousand, then the elasticity of demand would be