4. The demand for good X has been estimated by Qx= 12 - 3P, + 4Py. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity. А. -0.2 В. -0.3 С.-0.5 D. -0.6

Can you explain how imcome has a negative impact?

If corn cost $.55 per pound and protein supplement cost $.12 per pound what is the maximum amount of corn purchase with a $2200 budget?

You sell bracelets online. The demand for these bracelets is: P = 84 - 2Q The bracelets cost $6 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $18 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.