The following table shows estimated price-elasticity coefficients for a number of products. For each product state whether:A The price elasticity of demand is relatively elastic or relatively inelastic. 0.25 each PART B Each product also reflects some combination of the elasticity determinants. Write down as many as you think apply to each product. (0.75 each) 1- Newspapers 0.10 2-Milk 0.63 3 Electricity household 0.13 4 Major League Football tickets 0.23 5 Movies 0.87 6 Cigarettes 0.25 7 Shoes 0.91 8 Motor vehicles 1.14 9 Medical care 0.31 10 Beef 1.27 11 China, glassware, tableware 1.54 12 Residential land 1.60 13- Restaurant meals 2.27 14-Clothing 0.49 15- Lamb and mutton 2.65

Suppose the cross elasticity of demand for products A and B is +0.6 and for products C and D is -3.4. What can you conclude about:

a) How products A and B are related?

b) How are Products C and D related?