Question: How do i work on this question? Ariana consumes two goods, food and clothing. The price of food is $4, the price ofclothing is $10,

How do i work on this question?

Ariana consumes two goods, food and clothing. The price of food is $4, the price ofclothing is $10, and her monthly income is $2,000. Ariana always spends 40% of her income on food regardless of the price of food, the price of clothing or her income.

(i)State and explain her price elasticity of demand for food when its price increases by 25%, ceteris paribus.

(ii)State and explain her cross elasticity of demand for food with respect to the price of clothing, ceteris paribus.

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