Question: Suppose demand is given by Q x d = 50 4P x + 6P y + A x , where P x = $4, P

Suppose demand is given by Q_x^d = 50 4P_x + 6P_y + A_x, where P_x = $4, P_y = $2, and A_x = $50. What is the own price elasticity of demand for good x?

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0.16
2.8
1.6
0.28

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