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After observing sales of Ashley"old fashioned cookie mix over a period of time at different prices and also tracking consumer incomes and the price of Beckey"s selection coffee beans which analysis believe affects the demand for Ashley"s regression analysis yielded the following forecasts equation for sales of Ashley "s Q=1000-300p+1-100Pb where Q=sales of Ashley. P=price of Ashley I = average monthly consumer disposable income and Pb= the price of Becky analysis are reporting that currently average income is $5000 and Becky sells at $10 at next strategy meeting your task is to discuss exposure to potential change in consumer income and the price of Beckey"s and impact of changing the price of Ashley from currently $10 to something else your characterize Ashley old fashioned cookie mix as.
a. An inferior good a complement to Becky's with a price elasticity of -300.
b. An inferior good, a substitute for Becky's, with a price elasticity -3
c. A normal good, a complement to Becky's with a price elasticity -1.5
d. A normal good, a substitute t to Becky's with a price elasticity -1.3
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