Question: The demand function for yo-yos is D (p,M) = 4 2p + 1 / 100M, where p is the price of yo-yos and M

The demand function for yo-yos is D (p,M) = 4 − 2p + 1 / 100M, where p is the price of yo-yos and M is income. If M is 100 and p is 1,
(a) What is the income elasticity of demand for yo-yos? _____
(b) What is the price elasticity of demand for yo-yos? ______

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