Scenario 3 Suppose pickles have the following demand equation: Qp = 3200 - 4.2P + 2Ps - P+ + 0.1Y Where On is the quantity demanded of pickles, P is the price per pickle, Ps is the price of sausages, PT is the price of tomatoes, and Y is a measure of the consumer income. According to this demand equation, we can say that (circle the correct answer for each): 9. Pickles are: ....... Normal Goods/Inferior Goods 10. In relation to pickles, Sausages are: .........:1:1:1010 Substitutes/Complements 11. An increase in P, will shift the demand curve:... Leftwards/Rightwards 12. The demand curve for a good is Q = 1500-5p. At a price of p=100, find the price elasticity of demand: E=