11. COMPUTATION (40 Points - 20 Points Each) 1. Directions: Use the values in the table below to calculate for equilibrium quantity and equilibrium price between week 4 and 5. Demand and Supply Schedule for Good X per Week Week Price of Good X Quantity Demand Quantity Supply 60 60 50 90 10 40 100 12 30 120 14 20 140 2. Directions: Use the values in the table below to calculate for price elasticity, income elasticity and cross elasticity of supply between week & and 7. Thereafter, interpret the elasticity coefficient. Demand and Supply Schedule for Good A per Week (Price of Good & is also included) Week Price Price of Related Income Quantity Demand Quantity Supply (Good A) Good (Good A) (Good A) (Good B) 14 160 90 20 12 290 TO 40 10 360 60 60 40D 50 -4 D UT PWN- 90 40D 40 100 360 30 120 290 20 140