My main question is section C, the rest just shows how I got to that section.

Are my calculations correct? A. Properly report your estimated demand equation (Must Round the estimated parameters to TWO decimal points and use that for ALL calculations). - ad = 129.99 15 .49. B. How many smoothies do you expect to sell if the price per smoothie is set equal to $4.99 (show your work and round your answer since smoothies are sold in whole units)? I At P = $4.99 QB: l1 hip QD = 1219'? 16 .4931 = 1217.9? (16.49 X 4.99) = 46 units C. Based on the estimated Demand, compute the point price elasticity of demand at a price of $4.99. Is the demand at this price elastic, inelastic or unitary elastic (Show your work and round your answer to two decimal points)? _ .99 p1 4.99 _ 9,, -1\") x01 45.49 x 45 _ 1.so Ir rIhe demand for the price is relatively Elastic since the absolute value of point price elasticity of demand is greater than 1. SUMMARY OUTPUT Regression Statistics Multiple R 0.9361 R Square 0.8763 Adjusted R Square 0.8694 Standard Error 6.2476 Observations 20 ANOVA of SS MS F Significance F Regression 1 4977.96 4977.96 127.53 1.33271E-09 Residual 18 702.59 39.03 Total 19 5680.55 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 127.97 5.22 24.51 2.81233E-15 117.00 138.94 117.00 138.94 X Variable 1 -16.49 1.46 -11.29 1.332718-09 19.56 -13.43 -19.56 -13.43