b) Bubi's, a restaurant consulting firm estimates that in Accra, at 1new reduction in the price of roasted groundnut will increase the sales of kelewele by 20%. But they further estimate that a 10% reduction in the price of roasted plantain will decrease kelewele sales by 15%. 1 What is the implied cross price elasticity of kelewele with respect to changes in the price of roasted groundnuts? (4 Marks) 11. What is the implied cross price eluiticity of kelewele with respect to changes in the price of roasted plantain? (4 Marks) From your cross-price elasticity estimates, what can you say about the relationship between roasted groundnut and kelewele, and between roasted plantain and kelewele in Accra? Why? (3 Marks)Question 1 [20 MARKS] a) The weekly demand for pancakes among the 2021 cohort of BSo Admin students at UGBS as estimated by the research unit in the Finance Department is given by Qd= =50-4Px +0.51+10P, -2P. Where Qdx is the quantity demanded for pancakes, Px is the price of pancake, I is the income of consumers in Ghana cedis, Py and Pz are the prices of two goods that are related to pancakes. i. Based on the demand function above, what type of goods are pancakes? Explain your answer. (3 Marks) ii. Based on the demand function above, what is the relationship between pancakes and good Y. Explain your answer. (3marks) Based on the demand function above, what is the relationship between pancakes and good Z. Explain your answer. (3 Marks) iv. What is the equation of the demand for pancakes if consumer incomes are GHS30, the price of good Y is GHS 10 and the price of good Z is GHS 20? (2 Marks) v. Graph the demand function for pancakes from (iv)