The quantity demanded of Good A is determined by the price of Good A, the price of Good B, and the income of the individal. The demand function is:
QA = 2292 - 5.5PA + 0.8PB + 0.4I
The values of the independent variables are:
I = 21692 PA = 332 PB = 62
What is the point price elasticity of demand?
ROUND YOUR ANSWER TO EXACTLY TWO DECIMAL PLACES.
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