Solve and Compute the following..

QaIn a Certain Economy the Marginal propensity to savers 0.2 and the autonomous consumption equals 450 (1 Formulate the consumption function ( ) If the Government's expenditures were increased by 50% what would be resultant change in National Income ") The demand and supply schedules for Carrots in a certain Market are given below Price per ton . (per mighte ) Quantivity demanded ( per Mouth Quantity Supplied Sh . '080 ( Thousands of tous ) ( Thousand's Ators ) 110.0 5. 0 90:0 46. 0 8 67-5 150. 0 10 62 . 5 115 0 12 60. 0 1225 Determine the equilibrium quantity and price boy graphical Method. Q Explain how the concept of elasticity guides decisions in the following situations ? 1 Government's tax policy on household consumption (1) Devaluation policy to encourage exports and discourage Insports. in Price discmination by Monopolist .92 ) ( 9 ) Using Indifferent Curve analysis demonstrate how a household's equilibrium point is attained. b ) By focusing on an inferior gund, use the difference Curve analysis to demonstrate and explain the Income and substitution effects. ( ) Based On the analysis in ( 6) above , distinguish between Of an Inferior good and a giffen food