The foreign demand for our exports X depends on the foreign income Y, and our price...
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The foreign demand for our exports X depends on the foreign income Y, and our price level P: X = Y3/2 + P-2. Find the partial elasticity of foreign demand for our exports with respect to our price level. The foreign demand for our exports X depends on the foreign income Y, and our price level P: X = Y3/2 + P-2. Find the partial elasticity of foreign demand for our exports with respect to our price level.
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