Page 3 of 3 D Qty Answer part b here Question 4 - HinsonCo raises the price of its renown Hooked on Economics videos for preschoolers by 5%. Sales subsequently drop from 100,000 units per year to only 75,000 units. Calculate the price elasticity of demand. Be sure to show all your work. Answer here Question 5 - The smartwatch shown in question 1 is sold by Fitbit for $289.99. Walk through the determinants of elasticity one-by-one for this watch. For each, speak to whether that determinant would tend to make the watch more or less elastic. Finally, taking all the determinants into consideration collectively, do you think the watch is elastic or inelastic. In all of your answer, make it clear you understand what elastic and inelastic mean. Answer here DII x PrtScn Home End F4 F5 F6 F7 F8 F9