Question: Please answer c 4. Kelly's demand function for good x is x = Px+ Py a. Find Kelly's own-price elasticity of demand for good x,

Please answer c

4. Kelly's demand function for good x is x = Px+ Py a. Find Kelly's own-price elasticity of demand for good x, as a function of only prices and income. b. Is Kelly's demand for good x "elastic" or "inelastic", or does the answer depend on the specific values of prices and income? c. Find the value of Kelly's own-price elasticity of demand for good x if Px = 4, Py = 1, and I = 40

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