Answer below three question with detail calculation and explaination Make sure Use Midpoint formula: 1. If the price ela

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Answer below three question with detail calculation andexplaination Make sure Use Midpointformula:
1. If the price elasticity of demand forcigarettes is 0.4 and the quantity demanded increases by 6.2 percent, what does the percent change in theprice equal ?
2.
If consumer incomes increase by 22% overall, and the quantitydemanded for the good decreases by 16%, calculate the incomeelasticity of demand for the good: ________________
ii) The two goods above are ________________
a) inferior
b) normal
c) independent
d) complements