2) Demand Elasticities (6 points) Suppose you are the marketing analyst for Walmart in Texas. You are requested to estimate the effect on weekly gross revenues of a promotion involving a retail price cut of 25% in Butterball whole turkeys. Currently 6,000 turkeys are sold per week at an average price of $40.00 per turkey. You found out that turkey demand has an own price elasticity of -1.5 Your supervisor is waiting for your analysis. a) What is the projected increased (quantity) in turkeys sold (after the price cut) Hint: use the definition of own price elasticity! b) What is the projected weekly total revenue (after price change)? e) If cross price elasticity between turkey and chicken is +0,60 and weekly sales of chicken are 30,000 pounds. What would be the impact of the new turkey price on weekly quantity sales of chicken (quantity of chicken pounds sold