Me ELASTICITY AND EXPENDITURE 3. The figure below shows the spending per week in each category of a US consumer whose total expenditure on food is $80, with typical spending patterns across food categories. Category Type Calories Price per Typical spending Price per 100 g (S) per week ($) elasticity of serving demand Fruit and 660 0.38 2.00 1.128 vegetables 2 Fruit and 140 036 3.44 0.830 vegetables 15 Grain, 1,540 0.38 2.96 0.845 pasta, bread 17 Grain, 960 0.53 2.64 0.292 pasta, bread 28 Snacks. 433 -13 4.88 0.270 candy 29 Snacks, 1,727 0.68 7.60 0.295 candy 30 Milk 2,052 0.09 2.32 1.793 31 Milk 87 0. 15 1. 14 1.972 Suppose that the price of category 30, high-calorie milk products, increased by 10%: a. By what percentage would his demand for high-calorie milk products fall? b. Calculate the quantity he consumes, in kilograms (1000g), before and after the price change. c. Calculate his total expenditure on high-calorie milk products before and after the price change. You should find that expenditure falls. d. Now repeat the calculations for category 15, pasta. In this case you should find that expenditure rises. Engagis_SR_Costs_....xisx Anastasija Skoco_P...pdf Personal Details Fo...pdf School certificate_..pdf O ATD SAMSUNG