Expansion of DWJ

1) Just a year after you launched the expansion of DWJ, inflation has raised your marginal cost by 7% from $198.33 to $212.21. Your elasticity varies for each of the three regions in which you sell your DWJ brand. In the southwestern region, your price elasticity of demand is -2.76. In your upper-western region, your price elasticity of demand is -3.50. In your New Englandregion, the price elasticity of demand is -5.76. Estimate the percentage change in quantity demanded if you were to raise prices in all three regions by 7%. Use %ΔQd/%ΔP = e to complete the estimate: a. %ΔQd southwestern b. %ΔQd upper western c. %ΔQd New England 2) Given the above predicted changes in quantity demanded by region, use the stay even analysis %ΔQd = %ΔP/(%ΔP +margin): Can you raise prices by 7% in any of the regional markets? State your conclusion and then show the all the steps supporting your conclusion