Group 4 Mary is a merchandiser manager of shamp0o a known grocery store. Upon doing the inventory, she noticed that when the price of a particular brand of shampoo increased from P100 to P120; the the...

Extracted text: Group 4 Mary is a merchandiser manager of shamp0o a known grocery store. Upon doing the inventory, she noticed that when the price of a particular brand of shampoo increased from P100 to P120; the the demand for another product has increased from 5000 to 5500. a. Calculate the Elasticity b. What type of elasticity is that C. Explain the meaning and implication computed elasticity.