In the country of Luxuria, income elasticity for food is 0.008. Average income per capita is projected to grow by 20% over the next 20 years. a) How much will food demand grow in Luxuria over the same period? Give your answer in terms of percentages. .16% b) Given your answer above, if current food consumption in Luxuria is 4,000 calories per capita per day, what would average food consumption be (at constant prices) after 20 years? 4006.4 calories c) In the country of Poorland, income elasticity for food is 0.5. Average income per capita is projected to grow by 20% over the next 20 years. What will be the percentage change in food demand in Poorland over this same period? Give your answer in terms of percentages 10% d) Given your answer above, if current food consumption in Poorland is 2,000 calories per capita per day, what would average food consumption be (at constant prices) after 20 years? 2200 calories e) Is demand for food more income elastic in Luxuria or in Poorland? Poorland Assume food costs $1.00 per 1000 calories in both countries. f) How much does the current average daily diet (of 4,000 calories) cost in Luxuria? (Express in dollar terms). $4 g) How much does the current average daily diet (of 2000 calories) cost in Poorland? (Express in dollar terms) $2 Assume the current average income per capita is $40.00 per day in Luxuria b) What percentage of income is spent on food in Luxuria? 10% Assume the current average income per capita is $8.00 per day in Poorland. i) What percentage of income is spent on food in Poorland? 25% j) If (as projected above) income per capita grows by 20% what will the average daily income per capita be in Luxuria after 20 years? (It doesn't grow by 20% each year, but by 20% after 20 years.) Remember income in Luxuria today is $40 k) If (as projected above) income per capita grows by 20% what will average daily income per capita be in Poorland after 20 years? (it doesn't grow by 20% each year, but by 20% after 20 years.) Remember income in Poorland today is $8