Suppose the demand for commodity X is estimated as follows: X=68-1.6Px + 0.6Py + 0.08M   Where: X=quantity of commodity X Px=N20 is the price of X Py= N40 is the price of Y M=N1000 is the income of the consumer   Calculate: A. The price elasticity of X B. The cross-price elasticity of demand for X with respect to the change in the price of Y C The income elasticity of demand X .Also interpret your result is in 1,2,

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