nanswered Question 6 2/23 pts Ashley consumes beef jerky (good y) and scallops (good x). Her income is $100, and the prices of beef jerky and scallops are $5 and $10 per bag, respectively. At these prices, she consumes 8 bags of beef jerky and 6 bags of scallops (point A). When the price of scallops rises to $20, Ashley consumes 12 bags of beef jerky and 2 bags of scallops (point B). 1. Draw a graph to illustrate the income and substitution effects for scallops. Label everything relevant and clearly mark the income and substitution effects on your graph. 2. Are scallops a normal or inferior good? 3. Draw another graph below the previous one to derive the demand curve for scallops. Label all points and curves. Upload your graphs here. unanswered