The coconut oil demand function (Bushena and Perloff, 1991) is Q = 1,200 -9.5p+16.2p +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, pp is the price of palm oil in cents per pound, and Y is the income of consumers. Assume that p is initially 65 cents per pound, pp is 27 cents per pound, and Q is 1,325 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 = - .466. (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.) The coconut oil demand function (Bushena and Perloff, 1991) is Q = 1,200 -9.5p+16.2p +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, pp is the price of palm oil in cents per pound, and Y is the income of consumers. Assume that p is initially 65 cents per pound, pp is 27 cents per pound, and Q is 1,325 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 = - .466. (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.)