Posted by **John** on Saturday, August 23, 2008 at 1:47pm.

The Own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is -6. Determine how much the consumption of this good will change if : the price of good X increases by 5 percent

price of good Y increases by 10 percent

advertising decreases by 2 percent

Income falls by 3 percent.

- Economics -
**felicia**, Thursday, May 10, 2012 at 2:44pm
Price elastic

## Answer This Question

## Related Questions

- managerial economics - Explain the relationship between product X, product Y and...
- economics - suppose the demand curve for a product is given by Q=10-2P+Ps1,where...
- Economics - 1.calculate the price elasticity of demand when the price was ...
- managerial economics - 4. The equation for a demand curve has been estimated to ...
- Economics: Price Elasticity - Please check my answers whether they are correct ...
- Economics - How is elasticity of supply related to elasticity of demand? Is this...
- demand & Supply - If the demand for butter rises by 4% while the price of ...
- Managerial Economics - This is some HW for a Managerial Econ class. I've got ...
- Managerial Economic - The equation for a demand curve has been estimate to be Q...
- Economics - Is price increase the correct decision to raise revenue?substainate ...

More Related Questions