Question: Suppose the demand function is Q x d = 100 - 8P x + 6P y + 2M.If P x = $4, P y =

Suppose the demand function is Q _x^d = 100 - 8P_x + 6P_y + 2M.If P_x = $4, P_y = $2, and M = $10, what is the cross-price elasticity of demand for good X with respect to the price of good Y?

* a)0.12b)1.25c)3.22d)6.00e)None of the above are correct.

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