1. Write down the equation for a demand curve for a good1, where the quantity demanded depends on: (i) the price of1, (ii) the price of another good2, and (iii) consumers' wages.
2. b)Sketch the curve which you outlined in part a) - state any assumptions you've made
3. c)Find the own-price, cross-price, and income elasticities for the function you outlined in part a). What do these elasticities represent (in general)? Interpret them for your specific function.