Solve clearly

5. (2 Points) The price of good A increases from $2 to $5 dollars, while the quantity demanded of good B decreases from 10 to 5. Calculate the cross price elasticity of these two goods. What kind of goods are they? Give an example of this type of good. 62. (2 Points) The cross-price elasticity for Pepsi and Coca Cola is -2.5. If the price of Pepsi increases by 20 percent. what will happen to the quantity demanded of Coca Cola? Show your work. Are these good related? If so, how? 3: (2 Points) Which of the following goods would you expect to have the most inelastic demand? Why? Put them in the order of the most inelastic to the least inelastic a. Steak dinners at the Keg b. Steak c. Food in general