Setting: Grapple, Inc. is a leading seller of laptop personal computers.However, they want to become a leading tablet seller, too.Your marketing department, aided by your economics staff, has estimated a function to help you in the quest for market leader in tablets.The variables are defined after the function.

Q_g = the number of Grapple tablet computers demanded per week.

P_g = the price of each new Grapple tablet (in $).

P_h = the price of each Hewpaq tablet (in $).

P_r = the price of each Ronova tablet.

P_dv = the price to equip a tablet with Holographic digital video (in $, this is an upgrade option that enables three dimensional graphics on a tablet.Two dimensional graphics is standard equipment).

P_sc = the price of various screen sizes (in $, a 8 inch is standard, but upgrade options are 10 inch extra sharp, 12 inch, 12 inch extra sharp, Each also has a touch-screen option.The upgrades get progressively more expensive as the size and capability increases).

P_mm = the price of memory chip upgrades (in $).More 2 Gigabyte (Gb) chips can be added.Of course each added 2 Gb chip costs more.One 2 Gb chip is standard.

Y = average annual disposable income of a typical tablet purchaser (in $).

A_g = average age of a tablet purchaser (in years).

A = average annual Grapple advertising expenditure (in $).

C = number of computer systems the average tablet purchaser already owns.

.What is the point age elasticity of Grapple tablets at the above age level (A_g)?.Be sure to show the sign.Does this value indicate a very sensitive (elastic; responsive) relationship ?The formula is:

**** I got the answer by multiply

Ag=0.05

Ag=40

40*5=2

2/28902= 0.000069

E=.000069; is not responsive;