The following data on products X and Y were collected for six consecutive weeks. 3-1- What is the price elasticity of demand for good X? 3-2- What is the price elasticity of demand for good Y? 3-3- What is the cross-price elasticity of demand for good X?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The following data on products X and Y were collected for six consecutive weeks.

3-1- What is the price elasticity of demand for good X?

3-2- What is the price elasticity of demand for good Y?

3-3- What is the cross-price elasticity of demand for good X?

Tableau 2
Bien X
Bien Y
Semaine
Revenu hebdomadaire
Prix
Quantité
Prix
Quantité
1
1,5
80
4
20
450
2
100
5
18
500
3
3
75
5
18
500
4
1,5
95
5,5
15
450
100
4,5
20
550
6
105
23
600
5
Transcribed Image Text:Tableau 2 Bien X Bien Y Semaine Revenu hebdomadaire Prix Quantité Prix Quantité 1 1,5 80 4 20 450 2 100 5 18 500 3 3 75 5 18 500 4 1,5 95 5,5 15 450 100 4,5 20 550 6 105 23 600 5
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