The inverse demand equation is given as P=200-0.04Qd, where P is ticket price in dollars and Qd is the quantity of tickets demanded (see diagram of demand in link above.) Answer the following questions regarding this case: 1. In the absence ot any quantity constraints [that is, the seating capacity of the theater is at least 5000), what price will the play's promoters charge to maximize total revenue from ticket sales? 2. If the theater capacity is 3000: Will total revenue be maximized by charging the price corresponding to the theater capacity, orwill total revenue be higher by charging a price that will not resuit in a sellout? 3. Compute point price elasticity at: Qd = 2000 and Qd = 3000 tickets Expiain the implications of your computations