Bloomington's, Inc. is a retailer of distinctive clothing. At the end of the company's fiscal year, you have been asked to evaluate sales of traditional wool suits and classic blazers using the following data: Suit Number of Advertising Expenditures Suit Blazer Suits Sold, Price, Price Month A P PB July August September October $50,000 50,000 55,000 55,000 65,000 65,000 60,000 60,000 60,000 63,000 57,000 57,000 400 $700 $350 500 650 350 700 650 350 900 650 450 November 1,000 700 450 December 600 700 350 350 January February March 500 800 700 700 350 800 650 300 April May 900 600 300 700 600 300 June 500 750 300 2.1 Calculate and interpret the average arc advertising elasticity of demand for suits. 2.2 Calculate and interpret the average arc cross-price elasticity of demand between suits and blazers. (10 points)