Use the data below and answer the following questions. P1 ($ per kg) Chicken Salmon Pork Potatoes Bread ERC1702_2022-23 Oct 2022 3.00 8.00 9.00 0.50 1.00 Q1 (kg) i. Bread ii. Chicken 500 400 600 100 500 P2 ($ per kg) 4.00 9.00 10.00 0.60 1.20 i. Beef and chicken ii. Beef and potatoes Q2 (kg) 300 240 400 96 475 Income Elasticity of demand 0.90 1.80 0.80 -0.50 0.40 Cross Elasticity with respect to beef 0.65 0.55 0.85 -0.25 -0.15 a) Explain the term the price elasticity of demand and calculate and interpret for the following in about 100 words. Page 6 of 9 b) Determine the relationship between the following pairs of goods based on your understanding of coefficients of cross elasticity of demand on the table above in about 150 words. c) Explain what you understand by the term income elasticity of demand and explain the coefficient of income elasticity of salmon and pork in about 150 words.