Solved: Suppose that the demand curve of apples is shown asqa, Business Economics

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Suppose that the demand curve of apples is shown asqa

Suppose that the demand curve of apples is shown as:Qa =45-2Pa+0.2Y +Pb, where Qa.Pa, Pb, Y are the quantity demanded of apples, the price of apples, the price of bananas, and income. respectively. Pa=1; Pb=1:Y=30

1.) Find the price elasticity of demand

2,) Find the income elasticity of demand

3.) Find the cross-price elasticity of demand

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Business Economics: Suppose that the demand curve of apples is shown asqa

Reference No:- TGS02910025

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