Q1 = 65000 20Pj + 20Pf+ 35H 5P]: + 0.2Tc + 0.05Y + 10Mg + [1.04251 More Q1; the number of J olts demanded per week. 21:: the price of each new Jolt {in 3). Bi: the price of each new Ford gaselectric hybrid l[in $3]. Pt = the price of each new Toyota gaselectric hybrid (in 55). Pb = the price of replacement batteries for the Jolt (in $1 Tc = the amount nLtax credit incentive oered with the purchase of a new hybrid {in S). 2 average weekly disposable income of a typical Jolt purchaser {in 3). Mg = the miles per gallon of gas rating of the Jolt (in miles per gallon). 1__= average weekly Jolt advertising expenditure {in S). 10. Enter the following values into your Jolt demand function (be very careful with the calculation because the resulting quantity of Jolts demanded will be used in several questions to follow). Circle your answer on the answer sheet. B1 = $25000 Rf: $40000 Pt = 835000 Pb = $5000 Tc = $2000 Y = $1200 Mg = 55 A =$20000 a. 1323055 b. 1569310 c. 1508000 :1. 1592950 e. 1508495 1'. 2254625 11. 1iWhat is the point crossprice elasticity of Jolt demand with respect to the Toyota price {Pt} of $35000? Work out completely and show the sign [+ or }; carry out to 3 decimal places. The formula is: 5'2; _ P: E: 51'} Q; 0.3_23 +0.000031 +0529 +0980 +0.85 +1044