The coconut oil demand function (Bushena and Perloff, 1991) is Q =1,200 - 9.5p + 16.2pp + 0.2Y, where Q is the quantity of coconut oil demanded in thousands of metric tons per year, p is the price of coconut oil in cents per pound, po is the price of palm oil in cents per pound, and Y is the income of consumers. Assume that p is initially 45 cents per pound, p. is 25 cents per pound, and Q is 1,400 thousand metric tons per year. Calculate the price elasticity of demand for coconut oil and the cross-price elasticity of demand (with respect to the price of palm oil). The price elasticity of demand is e = . (Enter your response rounded to three decimal places and include a minus sign.) The cross-price elasticity of demand is = = (Enter your response rounded to three decimal places.) Time Remaining: 01:53:38 Next