Own-price elasticity, Cross-price elasticity, Income elasticity

[Katie]

Just checking to make sure these are correct:

Own-price elasticity of demand: (% change in quantity demanded)/(% change in price)

Cross-price elasticity of demand: (% change in demand)/(% change in price of other good)

Income elasticity of demand: (% change in demand)/(% change in income)


Is any of this information wrong or does any of it need to be modified?

[Lindsay Appell]

Hi Katie!

Looks perfect - nice work!

-Lindsay