Question: please help me to answer... it is an review sheet 2. (5 points) The following table shows the own-price and cross-price elasticities for the following
please help me to answer... it is an review sheet

2. (5 points) The following table shows the own-price and cross-price elasticities for the following fruit groups: Q - dependent variable >>> Grapes Bananas Melons P - independent variablelll Grapes -2.092 0.735 -0.909 Bananas 0.331 -1.199 0.164 a. (1 point) 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. (4 points) Choose two Cross Price elasticity data points for two goods (one substitute, one complement) on the table above and explain (with a sentence or two) what happens with a 1% change in the price of one good? Be very clear
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