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l. Bernardo has decided to always spend a quartet of his income on gelato. {a} 1|What is his price elasticity of demand for gelatoir lb}

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l. Bernardo has decided to always spend a quartet of his income on gelato. {a} 1|What is his price elasticity of demand for gelatoir lb} What is his inoome elasticity of demand for gelatoir Suppose Bernardo decides to increase his spending on gelato to half of his income. {c} What happens to his demand curve for gelato? {d} \"What happens to his price elasticity of demand? {e} \"What happens to his income elasticity of demand? if} Identify the concepts highlighted in this question. Summarize the steps you took to answer this

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