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Use the graph below and answer the following questions. a. The movement from point A to Point------ is caused by a lower price, while the

Use the graph below and answer the following questions. a. The movement from point A to Point------ is caused by a lower price, while the shift

from point A to point------ is caused by an increase in the number of consumers.

b. An increase in the demand in the demand for baseballs is shown by-------- to -------

c. Assume that, Pen and Ink are compliment to each other, if the price of pen rises from

Rs. 7 to Rs. 10. As a result, consumers demand for ink decreases from 10 units to 5

units. Calculate the cross elasticity of demand between pen and ink.

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