candlewax2001

12.03.2020 • 

Business

Good X sells for $1 per unit, good Y sells for $2 per unit, and consumer income is $10. a. Please calculate the own price elasticity of demand, cross-price elasticity of demand between good X and Y, and the income elasticity of demand for good X. If you are unable to calculate any of these values, please state your reason(s) b. Using the information provided by your analyst, please determine the demand equation. c. Please calculate the income elasticity of demand for good Y and state whether it is a normal good or inferior good. If you are unable to calculate this value, please state your reason(s).

Ответ:

melissareid65

30.05.2023

Business

---

Square feet = Length x width:

Square feet of the space = 40 x 40 = 1600 square feet

Cost per square foot = cost / area

Cost per square foot = 2000 / 1600 = $1.25 per square foot

---

0,0(0 оценок)