Question

please solve Q20

Month Pxx PY Y Pz Qz an Feb Mar Apr May $10 100 $20 90 70 50 25 200 25 225 25 275 25 290 25 320 50 $25 60 90 10 10 12 15 18 15 15 100 15 120 Use the data from February and March. In the above table, the cross price elasticity of demand for good Z with good Y when PY falls from $18 (old price) to $15 (new price) is to see what the quantities of Z are at these two prices of Y. Do the percent changes, and find the cross-price elasticity. Remember that cross-price elasticity can be positive or negative! Enter your answer to the nearest 2 decimal places. The cross-price elasticity is . Hint: You'll have 1.3300 D 问题20 0.5分 Use the data from April and May. In the above table, the cross price elasticity of demand for good Z with good X when PX rises from $12 (old price) to $15 (new price) is what the quantities of Z are at these two prices of X. Do the percent changes, and find the cross- price elasticity. Remember that cross-price elasticity can be positive or negative! Enter your answer to the nearest 2 decimal places. The cross-price elasticity is Hint: You'll have to see

Answer 1

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