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Please can you help me with the question in bold. The information above is needed to answer the question. You need to explain all the

Please can you help me with the question in bold. The information above is needed to answer the question. You need to explain all the steps you take in getting the correct answer and please reference and point out any economic models that you use in getting the answer. Thank you very much for your help and if the answer is good I will leave a fantastic review.

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Suppose that the preferences of a consumer regarding the consumption of goods q1 and q2 are represented by function: U(q1, q2) = 291 + 92 where q1 2 0, 92 2 0. Suppose also that the consumer is endowed with some disposable income Y > 0 and faces prices p1 and p2 respectively for goods WAS X1 and X2. Suppose that p1 2p2. Suppose that p2 decreases. With the use of a diagram, describe how the quantity demanded of q2 changes and decompose the new demand in terms of income and substitution effects

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