# arep

Newest questions and responses by arep-
## economics

suppose the demand curve for a product is given by Q=10-2P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00. a)suppose P=$1.00, what is the price elasticity of demand?what is the

*asked on April 2, 2012* -
## economics

suppose15 percent increase in the price of airlines causes a 10 percent decline in the quantity demanded, what is the elasticity of demand for airlines?

*asked on April 2, 2012*