Demand for Magnum Ice Cream is given by an equation as Q = 70 – 10P + 4 Px + 50 I   Where, Q = Quantity of Magnum demanded, P = Price of Magnum Ice Cream, Px = Price of Walls Ice Cream, I = Per Capita Income Assume P = Rs 100, Px = Rs 120 and I = Rs 25 (Rs in thousands).   Then calculate: Price Elasticity of Demand Cross Price Elasticity of Demand Income Elasticity of Demand

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