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(Solved): please do it in details pls 6. In tracing out an income-consumption curve (ICC) for good X, which of ...
please do it in details pls
6. In tracing out an income-consumption curve (ICC) for good X, which of the following variables is held constant? A. Consumption of all other goods. B. Consumer satisfaction (utility) C. The price of good \( X \) D. Consumer income 7. Suppose that the inverse demand equation is \[ p=100-2 Q \] and the supply equation is \[ p=2 Q . \] If the price is controlled at \( \$ 35 \), this is a price (1) . In this market, there will be a (2) of units (enter your response as a real number rounded to one decimal place). (1) ceiling (2) shortage floor surplus