The demand plan for hotel rooms is. price point quantity A 200 100 B 250 80 C 300 60 D 350 40 E 400 20 Calculate the point price elasticity of demand for each of the given prices and determine whether the response is elastic, inelastic, or unitary. Note: remember that for this problem you need the slope (M) of the demand equation, you have to calculate it in order to solve.