Instruction: Compute what is asked based on the given. (2 pts. each) Elasticity of demand -1.5 Variable cost Php 8.00 P; Initial Price Php 150.00 Pf Final Price Php 300.00 Q; Initial Quantity 150,000 Qf Final Quantity 210,000 Vi Initial Variable cost Php 20.00 Vf Final Variable cost Php 35.00 Solve for the optimal price Solve for percentage change in Price Solve for percentage change in Volume Solve for contribution margin percentage Explain the relation of volume hurdles to profitability