Problem 3: Samuel's weekly demand for his favorite breakfast sandwich, B, is: B = 25 - 2VP - PVY Where P is the price of a breakfast sandwich and Y is his income. A. What is Samuel's income elasticity of demand, EP , assuming P = $4 and Y = $9? (3 pts)B. Samuel has received a cost of living adjustment to his income which increased it by 3%. What is the percentage change in his quantity demanded? (2 pts) C. Is Samuel's breakfast sandwich a normal, luxury or inferior good for him? (2 pts) D. Graph Samuel's Engel curve still assuming P = $4. Remember to label everything. (2 pts)