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The table shows the average income of households and the quantity demanded of products M and N at different prices and levels of income. m_

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The table shows the average income of households and the quantity demanded of products M and N at different prices and levels of income. m_ Quantity of n mmm' :- sues mum2t- see | 52-999 m\"\": mite-\"mull a) What is the price elasticity of demand for product M between years 1 and 2? Round your answers to 2 decimal places. ' l:l b) What is the price elasticity of demand for product N between years 2 and 3? Round your answers to 2 decimal places. [:1 c) What is the income elasticity of demand for product M between years 3 and 4'? Round your answers to 2 decimal places. I: d) What is the income elasticity of demand for product N between years 3 and 4? Round your answers to 2 decimal places. [:i e) What is the cross-elasticity of demand of product M for a change in the price of product N between years 2 and 3? Round your answers to 2 decimal places and remember to enter a minus i-) sign to indicate negative values. 1:]

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