Where po is the price of some other good. assune the, Ask an Expert

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The demand equation is estimated to be 50+3P + 2Po , where Po is the price of some other good. Assune the average value of P is $ 3 and the average value of Po is $ 6.

a. what is the price elasticity at the average values of P and Po?
b. what is the cross elasticity at the average value of P and Po

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M950923

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