I notice something....

I looked over you work briefly. Your calculation for Q is now correct ... but your elasticity measurements are incomplete. You need to finish your elasticity measurements by multiplying the derivatives by P/Q, (which is 8000/131000), A/Q, Px/Q, and I/Q respectively.

I looked over you work briefly. Your calculation for Q is now correct ... but your elasticity measurements are incomplete. You need to finish your elasticity measurements by multiplying the derivatives by P/Q, (which is 8000/131000), A/Q, Px/Q, and I/Q respectively.

#### Top Answer

Please find the revised solution 2. The cross price elasticity of the product is positive... View the full answer