2. Income & Cross-Price Elasticity
	Calculate the Income & Cross-Price elasticities from the data given:
						Price of
	Q	Income	Inc-Elast		Q of jelly	peanut butter	C-P Elast
	(units)	($000)	(#)		(# of jars)	($/jar)	(#)
	30	40	NONE		1	2	NONE
	27	42			2	3
	24	44			3	4
	21	46			4	5
	18	48			5	6
	15	50			6	7
			0.3				0.3
	Is Q normal or inferior with respect to Income??			0.2
	Are jelly & peanut butter complements or substitutes?			0.2