lace Meeting Sawraj Kaur Sawraj Kaur Patty Zakaria's screen Abhishek sharma Rajpreet kaur D... Patty Zakaria Abhishek sharma Rajpreet kaur Dhillon Period Income Px QDx Py QDy 1 $10,000 $25 10 10 42 2 $10,000 28 תם 9 10 40 3 4 5 $10,000 28 8 15 35 T $11,000 $11,500 28 9 15 36 34 7 20 32 1. Price elasticity of X based on periods 1 &2 = .93 2. Price elasticity of y based on periods 2 &3 3. income elasticity of X based on periods 3 &4 4. income elasticity of y based on periods 3&4 5. Cross Price elasticity for demand y price x based on periods 1 &2 ly sunny Q Search 8 LOLCOO zm hp

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
lace
Meeting
Sawraj Kaur
Sawraj Kaur
Patty Zakaria's screen
Abhishek sharma
Rajpreet kaur D...
Patty Zakaria
Abhishek sharma
Rajpreet kaur Dhillon
Period
Income
Px
QDx
Py
QDy
1
$10,000
$25
10
10
42
2
$10,000
28
תם
9
10
40
3
4
5
$10,000
28
8
15
35
T
$11,000
$11,500
28
9
15
36
34
7
20
32
1. Price elasticity of X based on periods 1 &2 = .93
2. Price elasticity of y based on periods 2 &3
3. income elasticity of X based on periods 3 &4
4. income elasticity of y based on periods 3&4
5. Cross Price elasticity for demand y price x based on periods 1 &2
ly sunny
Q Search
8
LOLCOO
zm
hp
Transcribed Image Text:lace Meeting Sawraj Kaur Sawraj Kaur Patty Zakaria's screen Abhishek sharma Rajpreet kaur D... Patty Zakaria Abhishek sharma Rajpreet kaur Dhillon Period Income Px QDx Py QDy 1 $10,000 $25 10 10 42 2 $10,000 28 תם 9 10 40 3 4 5 $10,000 28 8 15 35 T $11,000 $11,500 28 9 15 36 34 7 20 32 1. Price elasticity of X based on periods 1 &2 = .93 2. Price elasticity of y based on periods 2 &3 3. income elasticity of X based on periods 3 &4 4. income elasticity of y based on periods 3&4 5. Cross Price elasticity for demand y price x based on periods 1 &2 ly sunny Q Search 8 LOLCOO zm hp
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