1. The demand for good X has been estimated by Q_x^d= 12 3P_x+ 4P_y. Suppose that good X sells at 2 php per unit and good Y sells for 1 php per unit. Calculate the own price elasticity.

2.Suppose Q_x^d= 10,000 2 P_x+ 3 P_y 4.5M, where P_x= 100 php, P_y= 50 php, and M = 2,000 php. Compute for the own price elasticity of demand.

3. Suppose the demand function is Q_x^d= 100 8P_x+ 6P_y- M. If P_x= 4 php, P_y= 2 php, and M = 10 php, determine the cross-price elasticity of good x with respect to the price of good y.

4.Suppose the demand function is given by Q_x^d= 10P_x^0.9P_y^0.5M^0.22H. Calculate the cross-price elasticity between goods x and y.

5.1 The demand function in the accompanying table is Q_X^d= 100 2P_X. Based on this information, when: Q_X= 80, the price, P_X(point A)?

5.2 The demand function in the accompanying table is Q_X^d= 100 2P_X. Based on this information,

if Px = 30 php Q_X^d=(point B)?

5.3 The demand function in the accompanying table is Q_X^d= 100 2P_X. Based on this information, when:compute the own price elasticity of demand when P_X= 25 php (point C)?

5.4 The demand function in the accompanying table is Q_X^d= 100 2P_X. Compute the total revenue when Q_X= 20 (point D)?

WITH SOLUTIONS PLS