The demand for good X has been estimated by Qxd

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The demand for good X has been estimated by Qxd = 20 − 5Px + 4Py. Suppose that good X sells at $3 per unit and good Y sells for $2 per unit. Calculate the own price elasticity. 

    • 9 years ago
    The demand for good X has been estimated by Qxd
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