Q5 to Q9 There are two consumer segments that the TopTea Boba shop is planning to target Assume the variable cost is $2. Below are other important details. Young Millennials Generation X Price Elasticity 0.4 0.75 Optimal Price $6.00 $5.00 Q5) What is the MRP for Generation X? A) $ 5.00 B) $8.00 C) $ 10.00 D) $ 3.75 Q6) For the young millennials segment, if the total contribution is $3200 at an optimal price. what is MWB? A) 100 BJ 120 C) 20 D) 1200 2Q7) In addition to the previous data, below is the demand estimation for both segments. Which of the following statements is true about price elasticity? (Select all that apply) Quantity Demanded in 000 Price Young Millennials Generation X $5 1200 750 $6 1000 500 A) Young Millennials have higher price elasticity B) Generation X has a higher price elasticity C) Both segments have equal price elasticity D) Young millennials have relatively elastic demand Q8) For Generation X, calculate the slope of the demand curve. A) -250 B) 250 C) 25 D) -25 (9) Using the following details, what is the cross elasticity for TeaTop Boba: Residual Elasticity = 0.10 Own Elasticity = -0.75 Competitor Reaction Elasticity = 0.80 A) Cross Elasticity = -1.062 B) Cross Elasticity = 1.062 C) Cross Elasticity = 0,62 D) Cross Elasticity - -0.62