3 the demand function of a good is estimated to be


3. The demand function of a good is estimated to be Q=1000-0.2PX+0.5PY+0.04I. If I=10,000 and Q=1600, Calculate the income elasticity of demand 

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: 3 the demand function of a good is estimated to be
Reference No:- TGS01060067

Expected delivery within 24 Hours