3 The table shows the average income of households and the quantity demanded of products M and N at different prices and levels of Income. Year Average Income Price of M Quantity of M Price of N Quantity of N 1 $45, 806 $2.40 105 $16 750 4 2 45, 098 2.98 16 790 points 45, 090 2.96 95 28 650 4 50, Bee 2.90 105 28 670 eBook a) What Is the price elasticity of demand for product M between years 1 and 2? Round your answers to 2 decimal places. References 0.26 b) What Is the price elasticity of demand for product N between years 2 and 3? Round your answers to 2 decimal places. 0.14 () What Is the Income elasticity of demand for product M between years 3 and 4? Round your answers to 2 decimal places. SI d) What is the Income elasticity of demand for product N between years 3 and 4? Round your answers to 2 decimal places. e) What is the cross-elasticity of demand of product M for a change in the price of product N between years 2 and 3? Round your answers to 2 decimal places and remember to enter a minus (-) sign to indicate negative values