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Please help. ferences Mailings Review View E AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe Aal Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4

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ferences Mailings Review View E AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe Aal Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4 Tit 3.Price and income elasticities of imports and exports in five Asian countries. Country Import Export Price Elasticity of Income Price Elasticity of Income Demand Elasticity of Demand Elasticity of Demand Demand India -0.51 -.11 -.55 45 Japan -.91 84 -.8 2.84 Phillipines -.17 .57 -1.06 89 Sri Lanka -.48 -.39 48 .90 Thailand -.20 90 -3.76 82 These findings suggest: . Imports are price Therefore, how would a rise in import prices affect quantity and value of IM? . How would increase in prices for exports affect export earnings in Philippines

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