Question
Say that the demand for good x is 3/(P base x+P base y). What is the cross price elasticity of demand when p base x=9
Say that the demand for good x is 3/(P base x+P base y). What is the cross price elasticity of demand when p base x=9 and p base y1?
Consider the step from P base y-1 to P base y-1+1 (delta version, not calc version).
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
