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whipped whipped
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6 years ago
If the cross-price elasticity of demand for a good is estimated at -3.9, estimate the percentage change in quantity demanded of the good when the price of the related good increases from $30 per unit to $75 per unit. Also, if it is known that the income elasticity of demand for the same good is 2.5, estimate the percentage change in demand if consumer income increases from $100 to $300.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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4 years ago
thank u
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