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Suppose demand is given by Qxd = 25 − 5Px + 2Py + Ax, where Px = $10, Py = $5, and Ax = $100. What is the advertising elasticity of demand for good x?

/in /by

Suppose demand is given by Qxd = 25 − 5Px + 2Py + Ax,

where Px = $10, Py = $5, and Ax = $100. What is the advertising elasticity of demand for good x?

 
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