Pasta Corporation recently changed the selling price of one of its products.Data concerning sales for comparable periods before and after the price change are presented below. 
The product's variable cost is $15.90 per unit.
Required:
a Compute the product's price elasticity of demand as defined in the text.
b.Compute the product's profit-maximizing price according to the formula in the text.
Definitions:
Spanish Colonists
Individuals from Spain who established colonies in the Americas during the 16th to 19th centuries, significantly impacting the culture and demographics of the region.
Fur Trade
The trading of animal pelts (especially beaver skins) between traders and indigenous peoples, historically significant in North American exploration and settlement.
Physical Isolation
A state of being separated from other people or societies, which can be due to geographic, social, or psychological barriers.
Anglicization
The process by which societies adopt English culture, language, or institutions, often observed in colonies of the British Empire.
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