5. There is a shortage of flour in a country. A rise in the price of bread from $0.50 to $0.60 a loaf leads to an increase in quantity supplied by bakers from 1000 loaves per month to 1100 loaves per month. Calculate the price elasticity of supply. (3 marks) 6. Calculate the income elasticity of demand from the schedule when there is a change in income from $300 to $400 per week. (3 marks) Income in EC 53 per week Quantity demanded for Big Banana Pizza 200 2 300 400 500 com-h. T. Calculate the cross elasticity of demand for tea brought about by a rise in the price of coffee from $5 to $7. (3 marks}