The market demand for wheat is q 100 - 2p 1pb 2y if the


The market demand for wheat is Q = 100 - 2p + 1pb + 2Y. If the price of wheat, p, is $2, and the price of barley, pb, is $3, and income, Y, is $1000. Then what is the income elasticity of wheat?

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Business Economics: The market demand for wheat is q 100 - 2p 1pb 2y if the
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