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b. For each of the following statements, calculate the elasticity coefficient and explain their meaning. i. When the price of coffee dropped from RM 0.90
b. For each of the following statements, calculate the elasticity coefficient and explain their meaning. i. When the price of coffee dropped from RM 0.90 to RM 0.80 per cup, the quantity demanded for sugar also decreased from 50 to 20 units. (2.5 marks) Ii. When wage rate Increased from RM 8 to RM 10 per hour, the number of Job applicants rose from 200 to 280 people. (2.5 marks) Page 2 of 4 iii. When the price of cement in Malaysia increased by 20%, building contractors reduced the number of apartments constructed from 300 to 250 units. [2.5 marks) iv. The price of entrance tickets for Sunway Lagoon which decreased frorn RM 30 to RM 25 caused a surge of visitors by 25%. [2.5 marks) Discuss any FIVE (5) factors affecting demand
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