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3. If when the price of wool (Pw) increases from $20/cwt to $45/cwt, the quantity of lambs ( S1) produced increases from 200 to 300.

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3. If when the price of wool (Pw) increases from $20/cwt to $45/cwt, the quantity of lambs ( S1) produced increases from 200 to 300. (1) Please calculate the cross-price of elasticity with respect to the price of wool ( ESL ) (use arc-elasticity). (2) What is the relationship between these two goods? (3) Explain your result

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