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

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