Kailash ben Let q be demand for product A and suppose that QAQA (PA-PB), so that q, is the quantity of A demanded when the price per unit of A is PA and the price per unit of product Bis pg. The partial elasticity of demand for A with respect to PA, denoted pa, is defined as pA= (PA/A) (A/PA). The partial elasticity of demand for A with respect to pg.denoted - is defined as non (PB/QA) (A/B). Roughly speaking, pa is the ratio of a percentage change in the quantity of A demanded to a percentage change in theprice of A when the price of B is fixed. Similarly, pe can be roughly interpreted as the ratio of a percentage change in the quantity of A demanded to a percentage change in theprice of B when the price of A is fixed. Find tp and a when A=2000/ (PAPs). PA =5, and Pg = 1,(Simplify your answers.)

Answered: Image /qna-images/answer/a51ad718-ec89-4a74-b477-2a862793e0d5.jpg

Let q be demand for product A and suppose that QAQA (PA-PB), so that q, is the quantity of A demanded when the price per unit of A is PA and the price per unit of product B is pg. The partial elasticity of demand for A with respect to PA, denoted pa, is defined as pA= (PA/A) (A/PA). The partial elasticity of demand for A with respect to pg. denoted - is defined as non (PB/A) (A/B). Roughly speaking, pa is the ratio of a percentage change in the quantity of A demanded to a percentage change in the price of A when the price of B is fixed. Similarly, pe can be roughly interpreted as the ratio of a percentage change in the quantity of A demanded to a percentage change in the price of B when the price of A is fixed. Find tp and a when A=2000/ (PAPs). PA =5, and Pg = 1, (Simplify your answers.)