Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Economy

The demand function for good A is given by QA = 100 - 2PA + 0.2 Y + 0.3 PB. Find the income elasticities of demand PA = 6, Y = 500, PB = 10

1
0.06
2
0.02
3
0.52
4
-0.06
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