SECTION B (40 Marks) There are THREE (3) questions in this section. Answer ALL questions in the answer booklet. Question 1 The table below shows the relationship between the price of good X and the quantity demanded for goods A, B and C consumed by a household. Quantity Quantity Quantity Price of Good X demanded for demanded for demanded for (RM ) Good A Good B Good C (kg) (kg) (kg) 10 80 100 100 20 60 120 90 30 40 140 80 40 20 160 70 50 5 180 60 Based on the information above, answer the following questions: a) If the price of good X decreases from RM40 to RM20, calculate the cross elasticity of de mand and indicate whether the demand is elastic or inelastic for goods X and. (4 Marks) b) If the price of good X increase from RM40 to RM20, calculate the cross elasticity of demand and indicate whether the demand is elastic or inelastic for goods X and B. (4 Marks) c) When the income of household increases from RM1000 to RM1400, the demand for good C de creases from 80 to 60 units. Calculate the income elasticity of demand for good C and state the type of good. (4 Marks) (Total: 12 Marks)