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Carefully, study the following Demand Function, then answer the questions that follow 2: = 100-2P, -1.5P, + 3Pm + 0.5Y Where: i, j, and m

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Carefully, study the following Demand Function, then answer the questions that follow 2: = 100-2P, -1.5P, + 3Pm + 0.5Y Where: i, j, and m are agricultural products Y: is consumer's income a. Does the function show demand for i or j or m? Explain your answer. b. Is product j a substitute or complementary to product i? Explain your answer. c. Is product m a substitute or complementary to product i? Explain your answer. d. Is product i normal or inferior product? Explain your answer. e. If the price of product j is fixed and equal 20, the price of product m is fixed and equal 10, and the consumer's income is also fixed at 200, write down the demand equation for good i f. Give a numerical example of a change in demand. g. Give a numerical example of a change in quantity demand. GOOD LUCK

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