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Question 1 Price of Good A DD for Good B DD for Good C Consumer's income 20 200 200 2000 25 160 300 1800 30

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Question 1 Price of Good A DD for Good B DD for Good C Consumer's income 20 200 200 2000 25 160 300 1800 30 120 400 1600 35 80 500 1400 Determine the cross elasticity of demand for Good B when the price of Good A increases from RM 25 to RM 35 per kg ii) What is the relationship between good B and good A? Calculate the income elasticity of demand for good C when income increases from RM 1600 to RM 2000. Based on question (iii) above, good C is a(n) good

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