suppose the elasticity of demand for parking lot spaces at SM downtown is-2 and price is 160 per day. If the MC is zero and the parking lot is 75% full at 10 a.m. over the last month, are they optimizing? Justify your answer. 2. Mall store retailers place their most expensive products right in the entryway of the store, where consumers will see them first, and place their more popular, better selling items further back. Why?

\"I. Suppose the elasticity of demand for the parking lot spaces at SM Downtown is 2 and price is 160 per day. If the MC is zero and the parking lot is 75% full at \"ID am. over the last month, are they optimizing? Justify your answer. Show solution. Rubrics for number 1: Accuracy of Answer -- 5 points 2. Mall Store retailers place their most expensive products right in the entryway of the store. where consumers will see them first, and place their more popular, better-selling items further back. Why? (10 points)