My Economics Question - If you are able to show me step-by-step on Excel if applicable that would be great.

lA} You sell a product through your own website online. Occasionally you change the price and observe what happens. You have collected the following data: Price (5] Quantity (0005) 20 1,511] 25 750 30 45B 35 270 a) Based on this evidence, what is the price elasticity of demand for the product? b) Is this an elastic or inelastic good? 13} A supplier will sell you a product in whole numbers of tons only (1, 2, 3, etc}. If your revenue [in tons} is: Q Rev = :Q3 + E Q2 111(0) + 1, and the product cost (in tons) is: % what is the right quantity to order? Note: Infill} and 3'9 are specic mathematical functions and can be called in Excel by =[N and =EXP respectively