Hi! this question has been answered earlier but the answer is too short and graphs are not found.

I have subscribed myself only because i expected a well motivated answer for this question.

Answer the question properly, give examples and illusterate the needed graphs.

The Cycling Promotion Fund (CPF),Australia's peak bicycle promotion

group, said use of bicycle increased by 5% last year, 3% more than

expected. As a result, CPF has hired you to make a persuasive

economic report to support their request to the government to provide

more incentives to encourage cycling as a means of transport. Your

report should include discussion of the following: a. the cross-elasticity of demand between bicycle and petrol

b. the income elasticity of demand for bicycles c. factors other than the price of petrol that might have influenced or

influence demand for bicycles.

C. Illustrate your report with demand and supply diagrams.