there are two images part (a,b,c,d,e,f)

agircultural econonic 314

please mention which answer is to ehich part

3. (14 points) Kroger store decides to run a price promotion for apple pies, Through market research, they estimate an elasticity of demand for apple pies to be 1,8. During the price promotion, they lower the price of pies by 25%. Before the price drop, they sold 135,000 pies. a. (2 pts) Are apple pies an inelastic good or elastic good? Interpret the OPE given above. %BD=PP2Q1.8=2,05%7.DQ= +2 b. (3 pts) Given the promotion price change, what would the expected percentage change in quantity be? %e=%P%Q=1.8=25%%Q=10.0721 =0.072 c. (3 pts) If the price before the promotion was $6 per pie, what is the new price per pie? c. ( 3 pts) If the price before the promotion was $6 per pie, what is the new price per pie? d. (2 pts) Calculate the revenue before the price drop. Q.D e. ( 2 pts) Calculate the revenue after the price drop f. (2 pts) Is the price drop a good marketing strategy, holding all else constant