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microeconomics The above table shows the relationship between price of good X and the quantityF demanded for good A. B and C. :1. Suppose the

microeconomics

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The above table shows the relationship between price of good X and the quantityF demanded for good A. B and C. :1. Suppose the price of good X increases from RM 3!] to RM 50, calculate the cross elasticity of demand for; i. good X and good A. (4 marks} ii. good X and good C. {4 marks} h. Determine the relationship of good A and good C with good K. {4 marks) c. Suppose that the income of a certain household increases from RMIJDD to RM 1.30!) and the quantity demanded for good B decreases from 160 to [ID units. Calculate the income elasticity' of demand for good B and identify the type of good B is. (8 marks}

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