04 Question (3 points) See page 280 Belle has quasilinear preferences over health care and all other goods as represented by the function u(x, y) = 9y, where x is health care and y is a composite representing all other goods. The price of ty is normalized to 1. > 2nd attempt 1st attempt Part 1 (2 points) Feedback Suppose the price of health care is $100. What is Belle's price elasticity of demand for health care? 19.95 If the price increases to $150, what will Belle's price elasticity of demand for health care be? 11.41 Part 2 (1 point) Feedback Suppose Belle has an income of $2000 per month. What is her income elasticity of demand? .506 See Hint See Hint