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11. You are a consultant and have been employed by Urban General, a large inner-city hospital, to estimate the demand for its services. Your research

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11. You are a consultant and have been employed by Urban General, a large inner-city hospital, to estimate the demand for its services. Your research indicates that the income elasticity of demand for the target market is +0.50; the price elasticity of demand is -0.15; and the cross- price elasticity of demand with respect to the price of services at St.Elsewhere ,a near -by hospital , is +0.35 . Answer the following

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