Question

Let the demand curve for a product be given by

Q= 10-2P+Ps

P-------Price of the product

Ps= 2 (Price of the substitute)

a. Find the price elasticity of demand.

b.What is the value of cross elasticity of demand?

c.How do you compare between the answers obtained in part a. and b. above?

Answer 1

100+2peice
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the not contain any compare