What is the price elasticity at the average values, Microeconomics

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What is the price elasticity at the average values

The demand equation is estimated to be 50+3P + 2Po , where Po is the price of some other good. Assune the average value of P is $ 3 and the average value of Po is $ 6.

a. what is the price elasticity at the average values of P and Po?
b. what is the cross elasticity at the average value of P and Po

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Microeconomics: What is the price elasticity at the average values

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Microeconomics: What is the price elasticity at the average values

Reference No:- TGS050923

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Recent Questions Asked Microeconomics

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Microeconomics: What is the price elasticity at the average values

Reference No:- TGS050923

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