Solved: The demand curve for the new computer game rock and roll, Econometrics

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The demand curve for the new computer game rock and roll

The demand curve for the new computer game, Rock and Roll Trivia, is given as follows

Q= 200 - 5P - .1Pc - .5Pd + .2A -I

where:

P is the price of the game

Pc is the price of a computer

Pd is the price of a diskette

A is the level of advertising

Q is the level of income

Suppose P=10, Pc=100, Pd=2, A=5 and I=50. What is the price elasticity of demand?

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Econometrics: The demand curve for the new computer game rock and roll

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Econometrics: The demand curve for the new computer game rock and roll

Reference No:- TGS01516504

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