BU4033 NAME STUDENT # Points 33% Income Demand Quantity % Demand % Income Elasticity Coefficient Type of Good S 1,500.00 200 2,000.00 300 1,500.00 250 2,000.00 200 Instructions: 1. Record your Name and your Student number 2. Given Income and Demand Quantity information above Single Product. Use Income Elasticty equation to determine your answer to be inserte 3. Column F. Determine if Normal - Luxury Good OR Inferior Good 4. Column G. Following your answer on "Type of Good (Column F). Is the "Demand" an Income Elastic OR Negative Income? Income Elasticity d in corresponding field Columns C and D (highlighted in Blue)