Part 2: Cakulations For questions requiring you to create a graphs, you may use Power Point, Excel, or graph by hand. In each option, please include a picture of the graph in this document. You can do this by taking a picture, scanning, or using the Snipping Tool' or , similar application. For all questions, please show your work Demo Subxdule for Econ Textbook Quantity Demanded ( of books) 20 Prio (USD) SI $. $t $90 $120 3190 SINI $2101 210 00 50 40 30 20 10 12 see above demand schedule) Graph the demand wine. Name one factor that may cause 2 skyr to the demand curve. Price is set at $40. What is the willingness to play this price! What amount is actually paid? What is the consumer surplus? (Assume that the entire quantity demanded will he consumed at this price point.) There is a shift in price from S80 to $30. What is the price elasticity of demand? Please use the midpoint formulas when calculating the percent change in price and quantity.) There is a shift in price from 0 0 $XI. What is the price elasticity of demand? Please use the midpoint formulas when calculating the percent change in price and quantity. Use the following information to answer e. Utility) When healthy, this individual has an income of $120 When sick, this individual has an income of $ao This individual has a 20% chance of being sick What is the individual's upevted incocx? What is the individual's expected silicy if healthy What is the individual's expected wity if sick! What is the individual's expected witry? What income level would give the same expected utility? Part 2: Cakulations For questions requiring you to create a graphs, you may use Power Point, Excel, or graph by hand. In each option, please include a picture of the graph in this document. You can do this by taking a picture, scanning, or using the Snipping Tool' or , similar application. For all questions, please show your work Demo Subxdule for Econ Textbook Quantity Demanded ( of books) 20 Prio (USD) SI $. $t $90 $120 3190 SINI $2101 210 00 50 40 30 20 10 12 see above demand schedule) Graph the demand wine. Name one factor that may cause 2 skyr to the demand curve. Price is set at $40. What is the willingness to play this price! What amount is actually paid? What is the consumer surplus? (Assume that the entire quantity demanded will he consumed at this price point.) There is a shift in price from S80 to $30. What is the price elasticity of demand? Please use the midpoint formulas when calculating the percent change in price and quantity.) There is a shift in price from 0 0 $XI. What is the price elasticity of demand? Please use the midpoint formulas when calculating the percent change in price and quantity. Use the following information to answer e. Utility) When healthy, this individual has an income of $120 When sick, this individual has an income of $ao This individual has a 20% chance of being sick What is the individual's upevted incocx? What is the individual's expected silicy if healthy What is the individual's expected wity if sick! What is the individual's expected witry? What income level would give the same expected utility