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help with class work C. The demand for product X will fall D. The cross elastiily of demand will rise use the information to ansiver

help with class work

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C. The demand for product X will fall D. The cross elastiily of demand will rise use the information to ansiver question 10. 4 and 12, When the witte of a product is RS. the quantity demanded will be 30 units, If the price increaserite RIZ, the quantity demanded tails to 10 drils. Ignoring ins negative sign 10. Who iange will the price elasticity of demand be when using the point elawn iN formable and indicate the category lotthis elasticity coalficianf All di5 and demand is inelastic. 8: 0:4 and the demand is one lastic C. " and unitary elastic demand D. 0.55 and demand is inelastic 41. Using the are method, what would be the elasticity coefficient and indicate the category for the value obtained? A. 0.5 and demand is ine lasticall B 0.4 and the demand is inelastic G. 1 and unitary elastic demand D 0.55 and demand is ine lastic. 12 If the cross elasticity of demand between beef mince and spaghetti is negative 4,0, this implies that these goods are...... A. Complements B. Necessities C. Substitutes D. Income inferior goods

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