Question: Given the demand for beans as = 4850 5 + 1.5 + 0.1 Income Y = 10,000 Price of beans Pb= 200 Price of peas

Given the demand for beans as = 4850 5 + 1.5 + 0.1

Income Y = 10,000

Price of beans Pb= 200

Price of peas Pp = 100

i.Find the income elasticity of demand

ii.Find the cross elasticity of demand

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