Question

Use the demand function below to answer the questions that follow
=

−

− + −


Where and are prices of related goods and M is income. Using the demand function;
a. Identify which type of goods is and explain it (3 Marks)
b. Identify which type of good is M and explain it (3 Marks)
c. Identify which type of good is and explain it (3 Marks)
d. Interpret (3 Marks)
Given that = ; = and :
e. Find the demand function (4 Marks)
f. Plot the demand function (4 Marks)
g. Using the information in (e), Calculate the quantity if price is

Answer 1

Answer:

sorry I am not able to answer this question