Answer:
its 8.5
Step-by-step explanation:
Step 1; both side divide by 4, you'll get Ix-10I=8
step 2: x-10=8 or x-10=-8
x=18 or x=2
Answer:
eY is positive +0.1 therefore bagels are a normal good.
Step-by-step explanation:
Given data:
when, 10% rise in cheese price, 3% fall in bagels quantity observed
when, 10% rise in income, 1% fall in bagels quantity observed
from formula for cross price elasticity of demand, determine
As, eAB is negative, bagels $ cream cheese are complements.
By formula for income elasticity of demand,
we find that
Since eYis positive, bagels are a normal good.
Answer:
31
Step-by-step explanation:
y=kx