Economy, asked by ashee1, 2 months ago

Suppose that you have the following demand curve. Q  800  12P .01I
Q = quantity demanded P = price and I= average income.
You know that the current market price is $40 and average income is $40,000
i. Calculate current demand.
ii. Calculate the price elasticity of demand
iii. Calculate the income elasticity of demand

Answers

Answered by brajamohanp21

5

Answer:

HII

What do you mean I don't understand

Answered by sharewashebir1983

3

Answer:

Explanation:

hi

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