Instructions Read Ch. 4 Demand Curves and Pricing PDF and answer the following q

Instructions
Read Ch. 4 Demand Curves and Pricing PDF and answer the following questions in excel, each question having its own separate spreadsheet.
Answer the Following
1. Your company charges $60 for a board game it invented and has sold 3,000 copies during the last year. Elasticity for board games is known to equal 3. Use this Information to determine a linear and power demand curve.
2. You need to determine the profit-maximizing price for a video game console. Currently you charge $180 and sell 2 million consoles per year. It costs $150 to produce a console, and the price elasticity of demand for consoles is 3. What price should you charge for a console? Make a linear demand curve. (use a and b in function in calculating demand, Use the formula: Y=ax+b then demand is b-a* Profit Max)
3. Now assume that, on average, a purchaser of your video game console buys 10 video games, and you earn $10 profit on each game. What is the correct price for consoles?
Make a linear demand curve in order to solve the question
*Please upload your Exercises in 1 Excel file, with each spreadsheet containing one exercise*