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economics The demand function for bicycles in Holland has been estimated to be Q=2,000+12Y-3.5P where Y is income in thousands of euros, Q is the

economics
The demand function for bicycles in Holland has been estimated to be Q=2,000+12Y-3.5P where Y is income in thousands of euros, Q is the quantity demanded in units, and P the price per unit. When P=125 euros and Y=13(000) euros, determine the following a. Price elasticity of demand b. Income elasticity of demand

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