The demand function for yo-yos is D (p,M) = 4 2p + 1 / 100M, where
Question:
(a) What is the income elasticity of demand for yo-yos? _____
(b) What is the price elasticity of demand for yo-yos? ______
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The demand function for yoyos is D pM 4 2p 1 10...View the full answer
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