# Microecon

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Using the midpoints approach to the cross elasticity of demand-calculate the cross eleasticity the demand for golf at all 3 prices.
Price Demand1 D2 D3

50 15 10 15
35 25 15 30
20 40 20 50

D1 -Income \$50k per yr, movies \$9
D2 -Income \$50k -movies \$11
D3 -Income \$70k -movies \$11

Using D2, D3, calculate income elasticity of demand for golf.

McConnell, Microecon 19e
Chap 4 -Problem #7

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