What are the values of price elasticity

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Dx = Px-2 I1.5 PY1.5.

From the information above, what are the values of price elasticity? Income elasticity?

How much will D change if Px is cut by 5% and income rises by 10%?

Reference no: EM13203551

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What are the values of price elasticity : Dx = Px-2 I1.5 PY1.5. From the information above, what are the values of price elasticity Income elasticity How much will D change if Px is cut by 5% and income rises by 10%

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