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mylab.pearson.com ECN 104 - F2025 - Section O11 Noorman Hothi 10/08/259:30PM () Question Part 2 of 3 @ Homework: Homework 3 Completed: 3 of 60 | My score: 3/60 pts (5%) ad Minimize list Nalalya consumes two goods, food and clothing. The price of food is $10, the price of clothing is $15, and her income is $2,000. Nalalya always spends 40 percent of her income on food regardless of the price of food, the price of clothing, or her income. What is her price elasticity of demand for food? Review Question 11 Question | 1/1 pt @ Exactly 1.0. Some number between 0 and 1.0. Review Question 15 Zero. c 9 Question | 1/1 pt Indeterminate. What is her cross-price elasticity of demand for food with respect to the price of clothing? Text Problem 8 8 2) Question | 1/1 pt i) A. Some positive number, since food and clothing are substitutes. OB. Approximately 1.0. Text Problem 12 C. Some negative number, since food and clothing are complements. Question | 0/1 pt OD. Exactly zero. Concept Question 5.5.1 5 Question | 0/1 pt rs Concept Question 5.5.3 Question | 0/1 pt