Question
Given the equation: Qd = 100-10P+0.5Y, where P = 9 & Y=100 You are asked to calculate price elasticity and income elasticity, but you do
Given the equation: Qd = 100-10P+0.5Y, where P = 9 & Y=100
You are asked to calculate price elasticity and income elasticity, but you do not have changes in price and income.
What would be the formula to calculate change in price and income?
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
