Suppose that as the price of monk sauce reduced from K2.00 to K1.90 causing its quantity demanded to increase from 110 to 118. (a) Calculate the price elasticity of demand. (b) Would you advise the firm producing monk sauce to keep reducing the price of the good? Suppose the price of coffee increased from K45 to K55 and, as a result, the consumers' demand for tea increased from 600 to 800 packs. (a) Calculate the cross price elasticity (b) What do you this think is the relationship between coffee and tea?