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Sandy Wiches sells fresh sandwiches at a beach location. Management has determined that on a typical day, demand can be described by the following demand

Sandy Wiches sells fresh sandwiches at a beach location. Management has determined that on a typical day, demand can be described by the following demand equation: L.O. - Elasticity of Demand

Q = 1,200 - 200P.

a. If P = $3.00, determine the number of sandwiches sold and the elasticity of demand at this price

b. If price is increased to $4.00, determine the elasticity of demand at this new price. Is demand more or less elastic after the price increase?

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