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Suppose Demand Is Given by Q xd = 50 −

Question 166

Multiple Choice

Suppose demand is given by Q xd = 50 − 4Px + 6Py + Ax,where Px = $4,Py = $2,and Ax = $50.What is the advertising elasticity of demand for good x?


A) 1.12
B) 0.38
C) 1.92
D) 0.52

Correct Answer:

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