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Flura [38]
3 years ago
10

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -3, its advertising elasticity is 4, and t

he cross-price elasticity of demand between it and good Y is 2. Determine how much the consumption of this good will change in percentage if:
a. The price of good X decreases by 7 percent.

b. The price of good Y increases by 9 percent.

c. Advertising decreases by 2 percent.

d. Income increases by 5 percent.
Business
1 answer:
WINSTONCH [101]3 years ago
8 0

Answer:i dont know

Explanation:

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product mix

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The combination of product lines offered by a manufacturer is called the firm's: product mix.

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The CEO of Widgets, Inc., must decide whether to take the company public. To better understand the potential advantages and disa
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the dialectic method

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Answer:

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So, putting the values above:

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3 years ago
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In the last report of FOMC is highlighted the behaviour of market labour and the lower expectations of inflation.

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2 years ago
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