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Question: name of good 1 name of good 2 price of...

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Name of good 1 Name of good 2 Price of good 1 in April 2017 Price of good 1 in May 2017 Price of good 2 in April 2017 Price of good 2 in May 2017 Quantity demanded of good 1 in April 2017 Quantity demanded of good 1 in May 2017 Quantity demanded of good 2 in April 2017 Quantity demanded of good 2 in May 2017 Income in April 2017 Income in May 2017 Soccer ball Entra tall shin pads $6 $9 $11 $16 #40 #25 #20 #19 $80000 $75000
Calculate the cross price elasticity of demand for Good 2 for a change in price of Good 1 between April and May 2017 (assume Good 2s price remains at April 2017 level). (1 point) What information does cross price elasticity for Good 2 provide us? (1 point) Explain in your own words if this fits with your understanding of Good 1 and Good 2. (1 point) 4.
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