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A what is the price elasticity of demand b what is the

1. Suppose the demand for inkjet printers is estimated to be Q = 1000 - 5p + 10p_X - 2p_Z + 0.1Y. If p = 80, p_X = 50, p_Z = 150, and Y = 20,000, answer the following sub-questions:

a. What is the price elasticity of demand?

b. What is the cross-price elasticity with respect to commodity X? Is commodity X a substitute or a complement?

c. What is the cross-price elasticity with respect to commodity Z? Is commodity Z a substitute or a complement?

d. What is the income elasticity?

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Dissertation: A what is the price elasticity of demand b what is the

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