Question 4 Due to the recent downturn in economic activity, Taz, has seen his hours at work reduced. He used to work 30 hours a week at $13 and hour, but now he works 22 hours. Due to this change he noticed he purchased more boxed Macaroni and Cheese, up from 1 box a week to 4. He also reduced his purchase of Coke from 2 12-packs to 1 12-pack per week. i) What is the income elasticity of macaroni and cheese for Taz? ii ) What type of good is Macaroni and cheese for Taz? 111) What is the income elasticity of Coke for Taz? iv) What type of good is Coke for Taz