A basket of goods for a given consumer includes two goods, X and Z. Consumer income is equal to $2,000 and the prices of these two goods are as follows:

Px = $25

Pz = $50

This consumer is consuming 10 units of good X.Part 2Suppose that over the course of a year, the price of good X changes by 10% and the price of good Z changes by 10%.

Part 3 How much income would be required for the consumer to afford the same quantity of goods X and Z with the new prices? -

Part 4 What is the rate of inflation? negative -

(Enter

your response as a percentage rounded to two decimal

places.)

Part 5 Given this change in prices, is it possible for our consumer to buy the original bundle of goods? -

.