Q1: Ahamd read in the news that governments impose excise taxes on goods that have inelastic demand, such as cigarettes, more often than in other cases. Why? Q2: The initial price of a cup of coffee is $1, and at that price, 200 cups are demanded. If the price falls to $0.90, the quantity demanded will increase to 300 Calculate the (Point) price elasticity of demand for coffee Based on your answer, is the demand for coffee elastic or inelastic? Based on your answer to a., if the price of coffee is increased by 5%, what will happen to the revenues from coffee? Carefully explain how you know Q3: Bandr read in the Sa baq newspaper the following \"Over the past four yea rs, Saudi Arabia has witnessed a strong phenomenon in the spread of \"food truck\" carts, which are mobile food carts and cars in all regions of the Kingdom, and it is increasing in major cities and region\".Bandr cannot decide if a food truck is a good business or should she invest in her in the bank. Use your economics sense to evaluate and make the right decision