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Suppose demand is given by Q x d = 50 4P x + 6P y + A x , where P x = $4, P
Suppose demand is given by Qxd = 50 4Px + 6Py + Ax, where Px = $4, Py = $2, and Ax = $50. What is the own price elasticity of demand for good x?
Multiple Choice
- 0.16
- 2.8
- 1.6
- 0.28
Please respond ASAP
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French Banking And Entrepreneurialism In China And Hong Kong From The 1850s To 1980s
Authors: Hubert Bonin
1st Edition
0429560095, 9780429560095
