Assume that when the price of good A increases to $5 from $4, the demand for good B decreases from 50 units to 40 units. Using the midpoint formula calculate: the percentage change in the quantity demanded of good B is the percentage change in the price of good A is the cross price elasticity of demand between goods A and B is Based on your answer to the previous questions, good A and good B are , and a real-world example of goods A and B might be This question asks you to perform a comparative statics analysis in the market for corn. The following diagram depicts the market for corn. Suppose that corn is now considered by doctors to be the healthiest vegetable. The demand curve would and the supply curve would Therefore, the equilibrium price would and the equilibrium quantity would