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Assume a linear demand function. The price of good x is $3 and the price of good y is $10. Calculate the cross price elasticity
Assume a linear demand function. The price of good x is $3 and the price of good y is $10. Calculate the cross price elasticity (Ex,y) between good x and good y of the following demand function:
Qxd = 59 - 3Px + 5Py
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