(i)Use information from the passage above to explain the increase in the price of fresh chickens. Use a demand and supply diagram to aid your explanation. (ii)Based on your answer to part (i) explain how the price of fresh chickens will affect the market for frozen chickens. Support your answer with information from the passage and use a demand and supply diagram to aid your explanation. (iii)Using information from the passage, determine if the demand for the dish"chicken rice" is price elastic or price inelastic. Use a relevant factor of price elasticity of demand to support your answer. (iv)Based on your answer to part (iii), suggest if sellers of "chicken rice" should increase the price of a plate of "chicken rice". Use a relevant diagram to explain and support your answer.(6 marks) b) The following table illustrates the changes in spending on two goods when income rises.

Calculate the income elasticity of demand (using the point formula) for air mellows when income rises. Use your answer to identify the type of good for air mellows. €Calculate the income elasticity of demand (using the point formula) for puffballs when income rises. Use your answer to identify the type of good for puffballs. (iii)Explain how your answers to parts (i) & (ii) can be useful to a seller of both airmellows and puff balls.