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© BrainMass Inc. brainmass.com October 25, 2018, 9:46 am ad1c9bdddf
This solution calculates the price elasticity given a demand and prices per unit.
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