Demand function is
Q=P^(-1.5)I^(0.3)
where P is price, and I is income
If the goal is to keep Q constant, how much must income change if there is a 2% increase in price.
Q=P^(-1.5)I^(0.3)
where P is price, and I is income
If the goal is to keep Q constant, how much must income change if there is a 2% increase in price.
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