how to compute the elasticities for independent variable

Q = Quantity demand for 3-pack units
P (in cents) =Price of the product = 500 cents per 3-pack unit
PX (in cents) = Price of leading competitor’s product = 600 cents per 3-pack unit
I (in dollars) = Per capita income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5,500
A (in dollars)   Monthly advertising expenditures = $10,000
M=Number of microwave ovens sold in the SMSA in which the supermarkets are located = 5,000
asked Apr 27, 2014 in Statistics Answers by Denise

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answered Jan 6 by Mathical Level 10 User (57,460 points)
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