Q1. Suppose demand for inkjet printers is estimated to be Q = 1000 - 5p + 10pX - 2pZ + 0.1Y. If p = 80, pX = 50, pZ = 150 also Y = 20,000; answer the subsequent: Illustrate what is the price elasticity of demand?
Q2. According to a recent study, "Stricter college alcohol policies such-as raising the price of alcohol or banning alcohol on campus, decrease the number of students who use marijuana." On the basis of this information, Explain how would you state alcohol also marijuana?