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Elasticities of Non-Linear Functions Q A D = 3(P A -0.33 )(P s 0.8 )(P c -0.75 )(I 1.1 )is the demand function for good

Elasticities of Non-Linear Functions

QAD = 3(PA-0.33)(Ps0.8)(Pc-0.75)(I1.1)is the demand function for good A,

Where PA is the own price, Ps is the price of a substitute good, Pc is the price of a complementary good and I is income.

  1. What are the 3 price elasticities? Interpret each one.
  2. What is the income elasticity? Interpret it.

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