2.1 As the manager of a company, explain how you would determine whether the good or service being produced by your company is a complement good or substitute good according to cross price elasticity of demand. Motivate your answer with the aid of examples. (15)

2.2 Explain your pricing decision as a manager if the good or service being produced by your company displays the following elasticity coefficients according to price elasticity of demand:

2.2.1 Price elasticity is less than one (5)

2.2.2 Price elasticity is greater than one (5)