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13. The demand for good X has been estimated by X = 12 - 3Px + 4PY Suppose that good X sells at $2 per

13. The demand for good X has been estimated by X = 12 - 3Px + 4PY Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity a. -0.2 b. -0.3 C. -0.4 d. -0.5 e. -0.6

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