Part 2: Article Analysis- Read the excerpt from the 2018 article about a football stadium and complete the following. \"When the Atlanta Falcons announced the food prices at their new $1.5 billion stadium $2 hot dogs and sodas. $3 nachos... fans loved it.... The Falcons owner had made a calculated bet that what the organization lost in price markup. it would recoup in volume -- fans woutd come earlier, stay longer and buy enough food to make up the difference. About 6.000 more fans per game entered the stadium earlier than they did in 2016. and in general. the venue sold as much food by the end of the rst quarter of Falcons games as it did in full games in 2016. [Fans] also bought more food sales were up 53 percent -- and each fan spent. on average. 16 percent more on concessions {food and drinks). Atlanta's pricing is a dramatic departure from standard prices in NFL stadiums. At 52. hot dogs at Falcons home games cost less than half the league average $5. according to the 2016 Team Marketing Report.\" 7. Explain why the success of the pricing strategy depended heavily on the elasticity of demand of the food and drinks sold in the stadium. 8. If the price of food and drinks decreased by more than 53% and \"sales were up 53 percent.\" is the demand for concessions in the stadium relatively inelastic. relatively elastic. or unit elastic? Explain. 9. Assume that the stadium owner decided to allow unafliated vendors to sell nachos inside the stadium. Would the demand for nachos become more inelastic or more elastic? Explain your reasoning