Chapter 4 11. (LO 2) Suppose you are a researcher attempting to calculate the price elasticity of Page 170 demand for Products A and B. Your research associate has collected the data in L' Table 4.17 to assist you. Suppose you use these data to calculate the price elasticities of demand for Products A and B. Comment on the validity of your calculations. TABLE 4.17 Year Price of Product A Quantity Traded of Product A Price of Product B Quantity Traded o Average Consumer Income $ 8 1000 $25 300 $32 000 10 1100 22 350 34 000