Please provide detailed answers for the attached questions by Tuesday, January 20, by 2:00pm EST US. Document Preview: Elasticity and Demand Questions You are the manager of a Badminton Club. You need to determine best price to charge for locker rentals. Assume marginal cost of providing lockers is $0. Monthly demand for lockers is estimated to be Y = 100 2X , where, X = monthly rental price; & Y=number of lockers rented per month. Do not use Calculus to solve the following answers.. What price should you charge? Per month, how many lockers are rented at this price? Explain why you chose this price. – French cigarette makers face enormous punitive damage penalties after losing a series of class-action lawsuits that collected penalties amounting to several hundred billion dollars on the tobacco industry. In spite of the huge penalties, The Wall Street Journal reported, The damage to cigarette makers is generally under control. Explain Using Elasticity and Demand, What action do you suppose the cigarette companies took to avoid bankruptcy? Why did this action succeed? rette companies took to avoid bankruptcy? Why did this action succeed? You need to determine best price to charge for locker rentals. Assume marginal cost of providing lockers is $0. Monthly demand for lockers is estimated to be Y = 100 2X , where, X = monthly rental price; & Y=number of lockers rented per month. Do not use Calculus to solve the following answers.. What price should you charge? Per month, how many lockers are rented at this price? Explain why you chose this price. – French cigarette makers face enormous punitive damage penalties after losing a series of class-action lawsuits that collected penalties amounting to several hundred billion dollars on the tobacco industry. In spite of the huge penalties, The Wall Street Journal reported, The damage to cigarette makers is generally under Attachments: 55994-Elastic.doc