Scenario: D1 D2 D3Income per year: $60,000 $60,000 $80,000Movie Ticket Price: $11 $13 $13Rounds of Golf: Quantity Demanded Quantity Demanded Quantity DemandedPrice = $60 15 10 15Price = $45 25 15 30Price = $30 40 20 50

C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F252Fnewconnect.mheducation. Apps 1 Gmail )YouTube ) Maps as News By Translate Seneca Email Seneca BB 5 stats Zoom class BSG GAME Class ECN 501 in Reading List ECN501 MICRO W22 Final Exam Saved Help Save & Exit Submit Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 15 Cross elasticity of Lorena's demand at the price of $45 = -3 Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 11 points Cross elasticity of Lorena's demand at the price of $30 = 4 01:04.09 Is the cross elasticity the same at all three prices? |No Are movies and golf substitute goods, complementary goods, or independent goods? independent go v b. Using the data under D2 and D3. calculate the income elasticity of Lorena's demand for golf at all three prices. (To do this, apply the midpoints approach to the income elasticity of demand.) Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Income elasticity of Lorena's demand at the price of $60 = Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Income elasticity of Lorena's demand at the price of $45 =[ Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Income elasticity of Lorena's demand at the price of $30 =[ Is the income elasticity the same at all three prices? (Click to select) v Is golf an inferior good? (Click to select) v it is (Click to select) v