Suppose the coconut oil demand function is Q= 1200 -95p+ 16.2pp+ 0.2Y where Q is the quantity of coconut oil demanded in thousands of metric tons per year , p is the price of coconut oil, Ppis the price of pulm oil in cents per pound and Y is the income of consumers. Assume that the initial price of coconut oil pis given to be 53 cents per kg and that of palm oil ppis 28 cents per kg. The quantity demanded Q= 1339 thousand metric tonnes per year and Yis the income of the consumer. Calculate price elasticity and cross price elasticity of demand for coconut oil