Determine about consumer demand

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Reference no: EM13838139

You have the following information about your product.

The price elasticity of demand is -2.0.

The income elasticity of demand is 1.5.

The cross price elasticity of demand between your good and a related good is -3.5.

 

What can you determine about consumer demand for your product from this information?

Reference no: EM13838139

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