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3. Cross Elasticity PROBLEM : The demand functions for goods X and goods Y are represented by: Q_(x ).P_x^2.P_y^3 - 1 = 0 and Q
3. Cross Elasticity PROBLEM : The demand functions for goods X and goods Y are represented by: Q_(x ).P_x^2.P_y^3 - 1 = 0 and Q y .P_x^2, respectively. P_by - 1 = 0 . Determine the elasticity of each item and how the relationship between the two goods
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