please give a thorough step by step for question2

2021-ECO1IQN(BU X someTitle X _ Downloads x *Subject: 2021-EC( X @ Essential Mathema X VitalSource Books x w Wiley x G how to find the de X + C D a Ims.latrobe.edu.au/mod/assign/view.php?id=4699330 G Apps ProQuest Ebook C.. UniLodge D2, Mel... Atira La Trobe Str... Urbanest Melbour... UniLodge on Lons... Urbanest Swansto... Top 10 Internship... VitalSource Books... S LA TROBE Q A Amani Anwar UNIVERSITY La Trobe Home Library Home Students Staff Question 2: It is known that the number of concert tickets demanded is 150 when the My LMS Subjects price is $40 and 100 when the price is $60. 2021-ECO1IQN(BU- 1. Find the demand function Q = f(P) and the inverse demand function as P = g(Q). 1) 2. Plot the graph in QP-plane. Participants 3. Use the demand function to find the demand when price (a) increases by $10, (b) decreases by $8. U Badges 4. Find the elasticity of demand when price increases by $10 and interpret the result. Home Start Here Submission status Assessment This assignment will accept submissions from Wednesday, 10 March 2021, 12:00 PM Week 1 Week 2 Attempt This is attempt 1. number Week 3 Submission No attempt Week 4 status