Question 2 a) The table below shows the price of good A and quantity demanded for good A, B and the level of income. Price of ' demanded for good A {RM} 4.00 8.00 12.00 16.00 20.00 1} Calculate the price elasticity of demand for good A when price of good A falls from RM20.00 to RM8.00. Is the demand elastic or inelastic? (2 marks} ii) Calculate the income elasticity of demand for good A when income rises from RM1000 to RM1500. State the type of good A? (2 marks} iii) Calculate the cross elasticity of demand for good B when price of good A falls from RM20.00 to RM8.00. What is the relationship between good A and good B? (2 marks}