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Question 5 Suppose the demand curve for product X is given by Qx = 450 - 0.04(Px) 3 - 0.03(Py)4 Based on this information, (a)

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Question 5 Suppose the demand curve for product X is given by Qx = 450 - 0.04(Px) 3 - 0.03(Py)4 Based on this information, (a) calculate the cross-price elasticity of demand X with respect to Y when Px = $6 and Py = $4. (b) interpret your result in (a)

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