18. Use the accompanying graph to answer the following questions P E s 14 99 S 12 10 8 6 D 4 2 0 G 0 2 4 6 8 10 a. A study shows the many health benefits of eating eggs for breakfast. Demand rises by 6 units at each price . Draw this on the graph . b. What is the percentage change in equilibrium price for eggs ? c. If the percentage change in quantity demanded for toast decreased by 1J2 of what you found in part (b) for eggs , what is the cross price elasticity of demand for eggs and toast ? d. Will this be positive or negative ? Are eggs and toast related to each other ? ANS : P E995 20 18 IS 14 12 10 B 5 4 2 0 a. 0 2 4 6 8 10 This is illustrated with a demand curve shift to the right by 5 units at every price. b. The percentage change in equilibrium price for eggs 2 ($12 ' $9)!$9 : 33.33 percent . c. The cross price elasticity of demand for eggs and toast 2 16.6? percent 33.33 percent 2 '05. d. This will be negative .Eggs and toasts are complementary goods .As the price of eggs increases , the quantity demanded for toast falls