Answer to 9 and 10

Evelyn's new level of utility is U = 7. What is Evelyn's substitution effect for books that resulted from the price change? (5) Evelyn's substitution effect for books that resulted from the price change is equal to 8. What is Evelyn's income effect for books that resulted from the price change? (3) Evelyn's income effect for books that resulted from the price change is equal to 9. As a result of the price change, what can you say about how Evelyn sees books? (2) In the space provided write in one of the following red phrases: a complement to music | an inferior good | a normal good not related to music a substitute to music Evelyn sees books as 10. As a result of the price change, what can you say about how Evelyn sees music? (2) In the space provided write in one of the following red phrases: a complement to books | an inferior good | a normal good not related to books a substitute to books Evelyn sees music as