• The Sugar Plum Inn has a fixed dinner plate charge of $8.75 and 3,000 patrons were served in June. The food and beverage (F&B) manager has just increased the price of the fixed dinner plate to $9.25 and 2,900 patrons are served in July. By showing your calculations, decide of the price elasticity of this demand (elastic or inelastic).

• In April, GGH Catering agreed to sell 1,800 ham and cheese sandwich trays to a private party. Each sandwich tray was priced at $44.00 and all of the trays were sold at that price. The contact person of the party told GGH management that they need more sandwich trays in May when the party is scheduled. Now, the private party needs 2,500 sandwich trays and the contact per-son has just agreed to buy each tray with a price of $30.00. By showing your calculations, decide of the price elasticity of this demand (elastic or inelastic).