explain step by step. Suppose a 2% increase in the price of peaches leads to a 2.5% decrease in the quantity demanded of peaches and a 3% decrease in the quantity demanded of apricots. a. What is the price elasticity of demand for peaches? b. At the current price level, is the demand for peaches elastic, inelastic, or unit elastic? Explain. c. What is the cross-price elasticity of demand between peaches and apricots? d. Are peaches and apricots substitutes or complements? Explain