Intermediate microeconomics

Tvgjrxrer
timer Asked: Nov 19th, 2016

Question Description

A policy analyst has shown that the price elasticity of demand for salt is 0.85 while that of visitation to the national park is 2.1

a)argue whether this scenarios is feasible 

b)by what % the demand for these two commodities change if as a result of a tax policy the prices are increased by 8%

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