Isi 2008 question: Please check solution

Posted by RichaS on Mar 04, 2017; 4:03am
URL: http://discussion-forum.276.s1.nabble.com/Isi-2008-question-Please-check-solution-tp7603306.html


a) Demand for good xi = M/pi  if  pi< all p's
                                     0       if pi> any p




b) xi= M/(p1+p2+...+pn)

    Price elasticity= -pi/(p1+p2+..pn)

Is this correct?