Questions - Over the last 3 years the price of good x has increased by 8.2%. lts PED is known to be -1.45. Three years ago the quantity demanded of this good was 1850 units per month. Estimate the demand for the good now. - Provasic 800 is a treatment for serious heart conditions and is made by a single company which has a global patent on its manufacture. Speculate about the PED of this product (give reasons for your answer). - You are a company owner. Why should you care about the Price Elasticity of Demand for your product