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 crossprice 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
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