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What is the cross-price elasticity of demand

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Reference no: EM131131845

Problem - Qd = 8000 -2Px + 3Py -4.5M. What is the own-price elasticity of demand?

Px = 100, Py = 120, M = 1500 Explain fully.

What is the cross-price elasticity of demand? Fully explain.

What is the income elasticity of demand? Fully explain.

Reference no: EM131131845

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