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a question about the Mathematical Economics 6. Given Q = 100-2P + 0.02Y, where Q is quantity demanded, P is price, and Y is income,

a question about the Mathematical Economics

6. Given Q = 100-2P + 0.02Y, where Q is quantity demanded, P is price, and Y is income, and given P = 20 and Y = 5,000, find the (a) Price elasticity of demand. (b) Income elasticity of demand

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