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N=8, want to know q6 and q7 thanks p'E = N4 Use this to decompose the total change in his consumption of both goods that

N=8, want to know q6 and q7 thanks

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p'E = N4\" Use this to decompose the total change in his consumption of both goods that you found in (3) into the substitution and the income effects. Are dumplings a normal or an inferior good? . Finally, Carol has very weird preferences. When comparing two consumption bundles, Carol rst looks at the amount of dumplings these bundles have. She strictly prefers the bundle with more dumplings. If the two bundles have the same number of dumplings, then Carol looks at the amount of eggs these bundles have. She strictly prefers the bundle with the most number of eggs. These preferences are reexive. But are they transitive? And convex? . Although Carol's preferences cannot be represented through a utility function she still has an optimal demand of dumplings and eggs. Find those demands as a function of her income mo and the prices of the two goods (which are again pp and pE). . Assume that all three friends have the same budget m A = m B = m0 = N + 10 and that N + 1

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