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may you please assist with the 2.1 and 2.2 GI '31 Quiz+|Quiz1: X '31 Quiz+|Quiz1: X 6 httpszllmylmsf X Homework Hel X e G i

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may you please assist with the 2.1 and 2.2

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GI '31 Quiz+|Quiz1: X '31 Quiz+|Quiz1: X 6 httpszllmylmsf X Homework Hel X e G i mylmsft.institution.africa Q; a] @ Question 2 Study the scenario and complete the question(s) that follow: Refer to the data in the table below that shows the number of rugby matches that Ben, a rugby fan, will attend given various ticket prices and levels of income and answer the questions below. Ticket Price Number of Matches Income Level Number of Matches Attended Attended "m\" Source: Besler, N. 2015. 2.1 Calculate Ben's price elasticity of demand for rugby matches as the ticket price of a rugby match increases from R320 to R400, using the average arc elasticity formula. Show all formulas and calculations used. Interpret this value. (5 Marks) 2.2 Calculate Ben's income elasticity of demand as his income increases from R12 000 to R18 000, if the price of a match is set at R320, using the average arc elasticity formula. Show all formulas and calculations used. Interpret the value

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