Question: NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPARTELY Question 5 Suppose quantity demanded in

NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPARTELY

NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN

Question 5 Suppose quantity demanded in market good X is Qd = 108 -P + 3 1, and quantity supplied in market X is Qs = 20 + 2 P. a) If income I is 10, what is the quantity demanded? b) If income I is 20, what is the quantity demanded? c) Plot the supply and demand curves when I = 10 and I = 20. d) If income I is 10, what is the market equilibrium price and equilibrium quantity? e) If income is I, what is the market equilibrium price and equilibrium quantity? f) Is good X a normal good or inferior good

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