Suppose that the price of good A decreases from $24 to $18 and, as a result, the quantity traded of A increases from 195 to 220, the quantity traded of B increases from 45 to 100 and the :raded of good C falls from 545 to 405. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. a) What is the absolute value of the price elasticity of demand of good A? IElasticity = W I b) What is the cross-price elasticity of demand for good B with respect to the price of good A? IElasticity = Q I c) Given the value of the calculated elasticity, these two goods are: " normal inferior " complements ' ' substitutes d) What is the cross-price elasticity of demand for good C with respect to the price of good A? IElasticity = Q1 I 9) Given the value of the calculated elasticity, these two goods are: normal " inferior " complements substitutes