The bjc company has the following demand function calculate
The BJC Company has the following demand function:
Q = 300 - 30(price) + 0.01(income) Currently, price is $5 and income is $20,000.
a. Calculate the point elasticities for price and income.
b. Is the product a normal or an inferior good?
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the bjc company has the following demand functionq 300 - 30price 001income currently price is 5 and income is 20000a
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