Question Completion Status: Based on your answer to the previous question, Good

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Question Completion Status: Based on your answer to the previous question, Good A and Good B are: O substitutes. QUESTION S If ODA-734-16 PA-6PB-0.001 and PA- $5.59 Pe -$3.6 I-$26,888 What will be the change in the quantity demanded of Good A (QDA) ?f the income changes to 16,8267 (DONT FORGET TO INCLUDE THE CORRECT SIGN, ROUND TO TWO DECIMAL PLACES QUESTION 6 Based on your answer to the previous question, Good A is a normal good. O inferior good. QUESTION7 If QDA-770-14 PA-9 PB+0.0131 and PA $5.02 PB-$2.59 1 $25,244 What will be the change in the quantity demanded of Good A (QDA) if the income () changes to 23,735? (DONT FORGET TO INCLUDE THE CORRECT SIGN, ROUND TO TWO DECIMAL PLACES) Click Sove and Submit to save and submit. Click Save All Answers to save olf answers

Explanation / Answer

5. Change in quantity demanded = -0.001(16826 - 26888) = 10.062 = +10.06

6. Inferior good

In question 5 when income decreases quantity demanded increases. This makes the good inferior good.

7. Change in quantity demanded= 0.013(23735 - 25244) = -19.62

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