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a… Show more The weekly demand for XYZ running shoes is es

Paper help Economics a… Show more The weekly demand for XYZ running shoes is es

Economics

a… Show more The weekly demand for XYZ running shoes is es

a… Show more The weekly demand for XYZ running shoes is estimated to be Qxyz= 100 – 3Pabc – .01M + 2Axyz where Pabc is the price of ABC running shoes. M is the average consumer income, and Axyz is the amount spent on advertising by XYZ. If Pxyz = $35, and Axyz =$ 50, Pabc = $35 and M = $20,000 the own-price elasticity of demand for XYA shoes is: a. -1.36 b. -1.91 c. 1.54 d. -1.15 • Show less

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