WAX IT site is a company that has developed a COVID vaccine. WAX IT services the US and Canada. The two markets are separate due to regulations. The demand function for each are:

Qus = 400 - 0.5Pus

Qca = 600 - Pca

Where Q is the thousands of vaccine shots per year, and P is the price per shot the total cost of the production is given by:

TC = 80,000 + 200Q

Where

Q = Qca + Qus

1. What are the profit maximizing prices and quantities in each market?
2. what is the elasticity of demand at the optimal price/quantity points in the two market? in which market is demand more elastic (again, add the optimal price/quantity points)?
3. do your finding under A (prices in each market) and B (point elasticities in each market) match what we learned about elasticities and price discrimination in class?