Question: can i get a detailed answer for this question? thx Suppose that the price of good A decreases from $26 to $18 and, as a
can i get a detailed answer for this question? thx

Suppose that the price of good A decreases from $26 to $18 and, as a result, the quantity traded ofA increases from 175 to 230, the quantity traded of B increases from 60 to 85 and the quantity traded of good C falls from 545 to 405. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. a) What is the absolute value of the price elasticity of demand of good A? Elasticity = 1 b) What is the cross-price elasticity of demand for good B with respect to the price of good A? [Elasticity = 0 c) Given the value of the calculated elasticity, these two goods are: normal 1 inferior complements VT) substitutes d) What is the cross-price elasticity of demand for good C with respect to the price of good A? Elasticity = 0 e) Given the value of the calculated elasticity, these two goods are: {1 normal ., nferior it complements C. substitutes
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