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please solve this question, thankyou. (5) Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decreases from 100

please solve this question, thankyou.

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(5) Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decreases from 100 pounds to 95 pounds. Using the midpoint method, what is the price elasticity of demand for flour? Is the demand for flour elastic or inelastic? (6) Two nations can produce computers and software in the amounts given in the table below. Does either nation have an absolute advantage in producing the products? Which nation has a comparative advantage in computers? Which nation has a comparative advantage in software? Explain your answers. Nation A's production in 1 day Nation B's production in 1 day Computers 100 Computers 120 Software 140 Software 150

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