The price of the substitute good is 280 suppose p 120 what


Problem

Suppose the demand curve for a product is given by Q = 11 - 2P + 3Ps Where P is the price of the product and Ps is the price of a substitue good. The price of the substitute good is $2.80. Suppose P = 1.20. what is the price elasticity of demand? What is the cross price elasticity of demand?

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Microeconomics: The price of the substitute good is 280 suppose p 120 what
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