With the following equation, find
1- APS and MPS
2- Rate change in APS and MPS.
• S = -20 + 0-2Yd
Yd = Y-T, T = 10 + 0,2Y
• If C = I0 + 0.8Y + 0.5√Y find MPC, MPS and K

question 2

Q1 = 200 – 0.5 P1 + 0.75 P2 + .0075Y

Y =?
P1 =?
P2 =? are unknown, assume the values of unknown according to your registration
number. Moreover, Y should be in thousand and prices in tens.
Find,
1- Income Elasticity of demand for good 1.
2- Cross elasticity of demand.

Answer rating: 100% (QA)

1 1 APS 20 02YT 20 02Y1002Y 30 04Y MPS 2YT 2Y1002Y 04Y 20 ... View the full answer