Using the midpoint method: Compute the Individual's Price Elasticity of Demand for Oranges for 72 and P, = $4. Is demand eastig:, unit elastic, or inelastic? Explain. (2 pts) compute the Individual's cross price elasticity of demand for apples, asS N AR LR L R Y (assume M = $10). Are apples and oranges complements, substitutes, or unrelated goods? Explain. (2 pts) Compute the Individual's income elasticity of demand for oranges as income changes from $10 to $30 -use the P, = $4. Are oranges normal or inferior %oods? Are they luxury goods? Explain. (2 pts)