Suppose demand function for good 1 is x12mp12p2 calculating, Business Economics

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Suppose demand function for good 1 is x12mp12p2 calculating

Suppose demand function for good 1 is X1=(2m)/(P1+2P2). Calculating relevant elasticities answer the following questions. Show your calculation.

a. Is this good ordinary or Giffen?

b. Is this good normal or inferior?

c. What is the relationship between this good and good 2?

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Business Economics: Suppose demand function for good 1 is x12mp12p2 calculating

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Business Economics: Suppose demand function for good 1 is x12mp12p2 calculating

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