Task 2: ElascityFor each pair of items in Questions 1 and 2, determine which product is more price elastic. Explain your answer including identifying the determinant of elasticity.Question 1. 3D television and prescription Medication. (1 mark) Maximum number of words: 60.Question 2. Coffee sold in a cafe and electricity (assume limited excess capacity). (1 mark) Maximum number of words: 60.In the following graph, the demand for tyres has shifted to the left because the price of cars has increased from, on average $25,000 to $35,000 per car. Use the graph to answer