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E. A bakeshop noticed that as the price of a doughnut increases from P15 to P18, daily sales of coffee also increased from 40 to

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E. A bakeshop noticed that as the price of a doughnut increases from P15 to P18, daily sales of coffee also increased from 40 to 52 cups. Compute for the cross price elasticity coefficient and determine the relationship between doughnuts and pastries if there is any. Quantity of Quantity of P of doughnut doughnut sold coffee sold 15 50 40 P18 38 52 F. Ken's monthly income increased from P30,000 to P40,000 per month. After his promotion, he found himself buying 3 kilos of beef steak compared to the previous 1 kilo. On the other hand, he now only purchases 0.5 kilo of fish fillet whereas he used to buy 2 kilos. What is Ken's income elasticity for beef? What is his income elasticity for fish fillet? What type of goods are beef and fish fillets? Income Q(beef) Q( fish fillet) P30,000 2 P40,000 3 0.5

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