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Business, 27.07.2019 06:10 savannahvargas512

Calculate the price and cross-price elasticities of demand for coconut oil. the coconut oil demand function (buschena and perloff, 1991) is q=1,200-9.5p+16.2 +0.2y, where q is the quantity of coconut oil demanded in thousands of metric tons per year, p is the price of coconut oil in cents per pound, is the price of palm oil in cents per pound, and y is the income of consumers. assume that p is initially 45¢

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Calculate the price and cross-price elasticities of demand for coconut oil. the coconut oil demand f...
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