9. Assume that incomes increased by 40% and the quantity demanded of hot dogs decreased by 40%. Calculate the income elasticity of hot dogs. Show your work. 10. Given your answer to question #9, are hot dogs a complement, substitute, normal good, or inferior good? Explain how you determined your answer. 11. Given the information in question #9, is the demand for hot dogs be perfectly elastic, relatively elastic, unit elastic, relatively inelastic, or perfectly inelastic? Explain how you determined your answer. Video Help: https://goo.gl/T3q6zp Requires licenses for in-class use. Do not post online @Copyright Jacob Clifford, ACDC Leadership, 2019