Illustrate is the income elasticity of demand for yo-yos

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Reference no: EM1355041

2p + 100 M , where p is the price of yo-yos and M is income.

(a) Illustrate is the income elasticity of demand for yo-yos?

(b) What is the price elasticity of demand for yo-yos? 15.8 (0) If the demand function for zarfs is P = 10

(a) At what price will total revenue realized from their sale be at a maximum?

(b) How many zarfs will be sold at that price?

Reference no: EM1355041

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