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2. a) Describe four factors which may inuence a consumer's demand for Meat in their weekly grocery shop. b) Argue briey Why we, as economic modelers, can conate the Marginal Benet curve and the individual's Demand curve. Yue spends his weekly food shopping budget on a mixture of Meat (m), Vegetables (v), and Carbohydrates (c). His demand for meat is given by Demand: qm = I / 2 5pm + 21),, pC where gm is the quantity demanded of meat, I is the food budget for the week, 10,, is the price of vegetables, and pC is the price of carbohydrates. Suppose that Yue's food budget is $100 per week, the price of vegetables is $5 per kilo, the price of carbohydrates is $2 per kilo, and the price of meat is $10 per kilo. c) For a $1 increase in the price of meat, calculate the price-elasticity of demand. d) For a $10 increase in the food budget, calculate the income-elasticity of de- mand. e) For a $1 increase in the price of vegetables, calculate the cross-price elasticity of demand. Do the same for a $1 increase in the price of carbohydrates. f) Is meat a normal good, or an inferior good? Are vegetables and carbohydrates substitutes, complements, both, or neither, to meat consumption