The demand for good x has been estimated to be qx10 - 05px


The demand for good X has been estimated to be Qx=10 - 0.5Px +4Py. Suppose that good X sells at $4 per unit and good Y sells at $2 per unit. Calculate the own price elasticity.

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Macroeconomics: The demand for good x has been estimated to be qx10 - 05px
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