Given the following information: Price of Good X Quantity demanded (Units) (RM per unit) Good X Good Y Good Z 1000 10 100 500 20 50 250 40 25 200 80 20 180 180 18 a) Suppose the price of good X increases from RM 4 per unit to RM 5 per unit, calculate: () Price elasticity of demand for good X. ii) Cross elasticity of demand for good Y with respect to good X. lil) Cross elasticity of demand for good Z with respect to good X. (6 Marks) b) What is the relation between 1) Good X and Y? ii) Good X and Z? (2 marks) c) If you are the producer of good X and you want to increase your total revenue, would you increase the price from RM 4 per unit to RM 5 per unit? Why? (Use the concept of elasticity in your answer), (2 marks) B S 14= A Attachment Chease file No nie chosen File atre mint beom HIMB