PLEASE ANSWER ASAP! GIVING BRAINLIEST The XYZ company is opening its first store in the Pleasantville area. It has budgeted $50,000 to advertise its grand opening and attract customers to the store. The financial manager of the company wants to make sure their large budget is well spent. Using complete sentences, discuss three categories of demographic data that the advertising department should use to ensure that their ads are very appealing to the residents of Pleasantville. Be sure to explain why the demographic information you select is important for the advertisers to know.

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The XYZ company is a producer of dishwashers. The company’s marketing department has estimated the following demand curve for the company’s best-selling model in one of its regions. Q = 2000-4P+6A+5l+5Pc – 4Ac Where Q = Number of dishwashers demanded P = $600; Price of dishwashers A = $150; Advertising expenditures (thousands) I = $50; GDP per capita (thousands) PC = $500; Competitor’s price AC = $200; Competitor’s advertising expenditures (thousands) a. Calculate the amount demanded for this product using the information given above. b. Plot the demand curve with P on the vertical axis and Q on the horizontal axis. c. Calculate the price to sell 3450 units. d. What would be the effect on the sales of dishwashers if the competitor reduces price by $50? What should be the change in P to offset the decrease in PC ? e. In response to competitor’s strategy of reducing PC , what else can the company do to keep sales at the same level if it does not want to change P ? (Base your answer on the information given above.) f. If the government increases the sales tax by 1 percent, what will be the sale price of dishwashers after the tax (assume that the elasticity of demand is equal to the elasticity of supply in absolute value).

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