# Calculate price elasticity of demand

Sigchi4life
Category:
Economics
Price: \$5 USD

Question description

2. Calculate price elasticity of demand, cross price elasticity of demand and income price elasticity of demand. Then indicate wether the alternative good is a complement or substitute.

1) Q = 500 - 3P + 4PA + I

2) Q = 100 - 0.1P - 0.5PA - 20I

(Top Tutor) Daniel C.
(997)
School: Boston College
Studypool has helped 1,244,100 students

1828 tutors are online

### Related Economics questions

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors