Question: Asap please Suppose Qxd = 10,000 - 2 PX + 3 Py - 4.5M, where PX = $100, Py = $50, and M = $2,000.

Asap please

Suppose Qxd = 10,000 - 2 PX + 3 Py - 4.5M, where PX = $100, Py = $50, and M = $2,000. Compute the a) Quantity to be demanded 2 points b) the own price elasticity of demand and interpret the elasticity results 3 points c) the cross-price elasticity and Interpret the elasticity results 3 points d) the income elasticity and Interpret the elasticity results 3 points e) What effect will a 10 percent increase in the price of good x have on the quantity demanded for good x? 2 points f) What effect will a 10 percent increase in the price of good y have on the quantity demanded for good x? 2 points Show all your calculations

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