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Suppose the demand function is given use derivative to derive the following:

QX = 500 Px0.10 Pz3.34 I-1.4

6.1 Derive the price elasticity of demand

6.2 The Cross Price elasticity

6.3 The Income elasticity

6.4 Interpret the results of each elasticity.



6. Suppose the demand function is given derivatives to derive the following: use 3.34 500 P10 P334114 Qx Z 6.1 Derive the pri
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Answer #1

Date 3-34 Pz +0.1 la P t+ 3-3a P-1.41 Peur aletialy O-1 3.34 autray demad 7hn an an yLeai y 3 34 Laucne t y DD dnean aug On

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