Question: please help me solve and understand: Use the data on the table below to answer the following questions. a. Choose one (own) Price elasticity data

please help me solve and understand:

Use the data on the table below to answer the following questions.

a. Choose one (own) Price elasticity data point for a good on the table above and explain (with a sentence or two) what happens with a 1% change in the price of that good?

b. Choose one Income elasticity data point for a good on the table above and explain (with a sentence or two) what happens with a 1% change in income?

Product Own Price Elasticity Income Elasticity Apples -0.586 0.4 Bananas -1.199 0.3

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