Answer the following questions:

It). Base on your answers in no. 9. what is the cross elasticit'g.r of demand 2 points [SEED]. Use the RED formula: [Round otf computations up to three {3) decimal places: consider the absolute value only] Ell-Q1 D1 P: - P1 T 1l"our answer In the demand function Q = 3 - 47P the coefficient - 47 means: O For each Php 1.00 increase in P, there will be a corresponding decrease in Q of 47 O For each Php 1.00 decrease in P, there will be a corresponding increase in Q of 47 The correct answer are letters A and B O None of the aboveThe gross domestic product (GDP) was forecasted to decrease by 30% from 9% growth last year. The real estate (RE) and mining businesses having an Income elasticity of demand (YED) of 4.1 and 2.7, respectively. As the financial manager planning for investments opportunities, what would you recommend? Invest more in mining than RE with a lesser decrease in demand of 0.81% O Invest more in mining than RE with a lesser decrease in demand of 8.1% Invest more in RE than mining with a bigger YED of 4.1 O Look for other options and wait for opportunities until GDP recoveredWhat does an income elasticity of demand of D.9 means to consumption 1 point of 1D hamburgers per week? 0 The increase in income resulted to a decrease in hamburger consumption by 1% per week The increase in income resulted to a decrease in hamburger consumption by \"1% per week 0 The increase in income resulted to a decrease in hamburger consumption by 9 pieces per week Both B and C are correct