Question 1 1 pts When the price of a six-pack if soda increased from $18 to $22, the number of six-packs bought decreased from 30 to 20. What is the consumer's price elasticity of demand in this case? Solve using the midpoint formula. Show all work. Question 2 1.5 pts When the price of jelly decreased from $4 to $2, the number of jars of peanut butter bought went from 20 to 28. What is the consumer's cross-price elasticity of demand for these two products? What does the calculated elasticity imply about the relationship between peanut butter and jelly for this consumer? Show all work. Question 3 2.5 pts How much pizza and soda would be bought with a budget of $11? Pizza costs $2 a slice and soda $1. Chart Quantity of Pizza Total Utility of Pizza Quantity of Soda Total Utility of Soda 1 90 1 50 2 170 2 90 3 240 3 120 4 300 4 140 5 350 5 155 6 390 6 165