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Hello! I would greatly appreciate your help :) 6.10 (O) Percy consumes cakes and ale. His demand function for cakes is qC : m w

Hello! I would greatly appreciate your help :)

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6.10 (O) Percy consumes cakes and ale. His demand function for cakes is qC : m w 30:30 + 2033a, where m is his income, pa is the price of ale, 1% is the price of cakes, and qc is his consumption of cakes. Percy's income is $100, and the price of ale is $1 per unit. (a) Is ale a substitute for cakes or a complement? Explain. (1)) Write an equation for Percy's demand function for cakes where income and the price of ale are held xed at $100 and $1. (0) Write an equation for Percy's inverse demand function for cakes where income is $100 and the price of ale remains at $1.__m._ At What price would Percy buy 30 cakes? Use blue ink to draw Percy's inverse demand curve for cakes

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