M148 Objective 3. 11 - Elasticity Big O tires can sell 11,310 Michelin RG Tires per week nationally if the price is set at $79 per tire, but only 9,270 tires if the price is $99 each. Using a EXPONENTIAL demand model 1. What is the price elasticity of demand for this tire at Big O Tires if the price is $87? -0.91 (nearest 0.01) 2. The Tires are inelastic vy at that price? 3. What is the price elasticity of demand for this tire at Big O Tires if the price is $102? (nearest 0.01) 4. The Tires are | elastic at that price? 5. At what price is the maximum revenue per week achieved? $ nearest $0.01 6. What is that maximum revenue per week? $ nearest $1,000 7. How many tires will be sold each week at that optimal price (nearest 10 tires)