Bb Take Test: Demand analysis assig X + GA https:/ccu.blackboar... A @ 6 R G TP S Remaining Time: 27 minutes, 21 seconds. * Question Completion Status: 10 21 3 4 5 6 7 O 0.075 QUESTION 7 The estimated demand equation for Save-Life face masks is: Q=123-10 xP+5xPc-7xPs+ 0.002 x INC + 0.005 x MKT Where, Q is the demand for face masks, P is the price, Pc is the price of competiting product, Ps is the price of complementary product hand sanitizer, INC is the income of potential buyers, and MKT is the market size. P=$10 (per 50 pieces). Q=900 Pc=$11 (per 50 pieces), Ps=$4 (each 8 oz bottle), Income (INC)=$50,000, Market Size (POP)= 150,000. Calculate the cross elasticity of demand for face mask with respect to the hand sanitizer. O -0.01 O -0.02 O 0.02 0.045 -0.04 O -0.03