Consider the following demand equation for good a. Good a demands is a function of income {'1'} and prices of goods h and c. QE@:EPMPC}=1UU 213:: -|- Y 3m + 4P:- R, = 3 Y=2m Pb =4 PL. = 1 a. Calculate QE [2 points}. I]. Calculate elasticityr of demand. Does it respect law of demand? is it elastic or inelastic? Why? [2 points} c. Calculate elasticity.r of income. Is it inferior or nomal good? Why? [:2 points}. d. Calculate crossprice elasticities with good h. Is good h a complement or substitute? Why? [2 points). e. Calculate crossprice elasticities with good c. Is good c a complement or substitute? Why? [2 points}