Question: Please answer with full process Question #3ia-d} some points [graded] Consider the demand function for good1, {11 = 2444 - 3P1 + [MPE - oEPB

Please answer with full process Question #3ia-d} some points [graded] Consider the demand function for good1, {11 = 2444 - 3P1 + [MPE

Please answer with full process

of good! {PE} is 236, price of goods (PE) is 195, and

Question #3ia-d} some points [graded] Consider the demand function for good1, {11 = 2444 - 3P1 + [MPE - oEPB + lit-2:214? Where. price of good1 {P11 is 55. price of good! {PE} is 236, price of goods (PE) is 195, and income {\"1"} is 48929: [a] Find the price elasticity of demand [FED]. [Give your answer to mo decimal place5] "Don't forget to consider iaking absolute value!\" Answermpaaaomseezzsewe {1.04 {hi Find the income elasticity of demand WED]. {Give your answer to mo decimal places] [1.45 1" Answer: .423113?39341 [L46 {c} Find the cross price elasticity of demand {XEDJ between goodl and goods. [Give your answer to east two decimal places] -0.02 Answer: -0.02304494234061365 -0.02 (d) Estimate the percentage change in the demand for good1 resulting from a 8% decrease in the price of good2. (Give your answer to two decimal places, if required) -0.24 % Answer: -0.2152115431645879 -0.24

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