Asked by Andrew
                Suppose you decide to produce a product and you discover it has a demand function given by;
Q = 10P^-0.5Y^0.75
(I) calculate the price elasticity of demand for the product.
(ii) calculate the income elasticity of demand.
            
        Q = 10P^-0.5Y^0.75
(I) calculate the price elasticity of demand for the product.
(ii) calculate the income elasticity of demand.
Answers
                    Answered by
            Anonymous
            
    Suppose you decide to produce a product and you discover it has a demand function given by; 
Q = 10P^-0.5Y^0.75
(I) calculate the price elasticity of demand for the product.
(ii) calculate the income elasticity of demand.
Respond to this Question
    
Q = 10P^-0.5Y^0.75
(I) calculate the price elasticity of demand for the product.
(ii) calculate the income elasticity of demand.
Respond to this Question
                    Answered by
            HK
            
    Ed=10
    
                    Answered by
            Naloombwa Moobola
            
    Ed = 5
    
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