(For this question you have 21 attempts - You may think of this as having 3 attempts for each subpart) A consumer's preferences are given by the following utility function: u(x,y) = min[5x, y] old Assume P = 1, Py = 1, and 96. X a. Solve for the Marshallian demand functions of x and y (your answer should have numbers, not variables I and P old): * old y = = b. Suppose the price of x rises to PX" purchase the old bundle at the new prices? new = 3.What is the income needed to |' = c. What is x at the new price and I'? = d. What is the substitution effect (for x)?: e. At the new price P, new X Substitution Effect = = 3. What is the Marshallian demand for x? * new = f. What is the income effect (for x)? Income Effect =