iv. For an average annual income of $34,965 and a market price of $30.50 per case, determine the own-price elasticity of demand. Clearly show your steps and calculations in Excel. data quantity Price Income 83 30.85 31.9 83 31.94 31.77 97 30.69 36.86 103 40.79 101 32.39 37.06 88 30.01 98 30.35 33.52 99 30.58 32.78 98 30.1 37.02 103 27,43 35.88 102 27.02 36.01 88 30.24 32.55 105 28.84 37.14 98 29.57 33.84 93 31.17 35.82 88 32.17 35.68 92 32.21 36.24 92 29.43 33.66 86 34.07 34.85 93 29.79 32.51 86 35.54 34.97 87 30.13 33.81 108 26.26 35.24 88 33.13 37 98 30.3 38.6 92 27.94 30.02 93 32.07 36.88 30.51 36.15 105 27.23 36.09 &8 33.37 36.44 97 29.75 34.99 93 29.44 31.71 101 28.6 34.46 90 30.71 326 106 32.35 40.61 87 32.57 36.37 98 31.61 37.34 89 30.08 32.81 83 34.49 34.1 104 27.52 323 97 30.08 35.26 76 34 35 32.25 98 28.59 33.53 82 34.75 34.15 94 29.51 33.95 99 30.72 35.66 89 35.61 34.48 75 36.19 34.09 92 30.78 35.15 97 32.75 37.34 Using Excel data > data analysis -> regression