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Information For Questions 10-12, suppose that Quazi gets utility from only two goods, xylophones (x) and yoghurt (y). His preferences are represented by the utility
Information For Questions 10-12, suppose that Quazi gets utility from only two goods, xylophones (x) and yoghurt (y). His preferences are represented by the utility function U(x,y) = 1 + (x-y )3.Question 12 Suppose Quazi's income is 60,000, the price of xylophones is 7500 is and the price of yoghurt is 3. What is Quazi's cross-price elasticity of demand for xylophones, with respect to the price of yoghurt?| Select one: O a. 0 O b. 1 O c. 2 O d. 3 O e. 4 Of. 5 O g. 6 Oh. 7 Oi. 8 O j.9 O k. 10 O 1. 11 O m. 12 On. 13 O o. 14 O p. 15 O q. 16
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