11 Short Run

Ex = 0.46 Demand Cigarretes

Ei = 0.5 Income elasticity
Exy = -0.7 Cross Price Elasticity of demand between cigarettes and alcohol is

Ex up 10% = -4.60% Because Cigarettes and Alcohol is normal good then if price higher the dem
Ei up 10% = 5.00%
Exy up 10% = -7.00%
Sum = -6.60%

Long Run
Ex = 1.89 Demand Cigarretes
Ei = 0.5 Income elasticity
Exy = -0.7 Cross Price Elasticity of demand between cigarettes and alcohol is

Ex up 10% = -18.90% Because Cigarettes and Alcohol is normal good then if price higher the dem
Ei up 10% = 5.00%
Exy up 10% = -7.00%
Sum = -20.90%

12 Ep = 2 Ep = 2
Ei = 1 Ei = 1
Exy = 1.5 Exy = 1.5
price
Ep up 6% = -0.12 Ep = -0.01 -0.5%
Ei up 4% = 0.04 Ei up 4% = 0.04
Exy fall 2% = -0.03 Exy fall 2% = -0.03
Sum = -11.00% Sum = 0.00% nanti sumnya jadi +1 sehingga artiny
demand akan turun 11% supaya demand tidak berubah, sehi
Selisih = -132 Selisih = 0
Would sell = 1068 Would sell = 1200
es and alcohol is

en if price higher the demand will be lower

es and alcohol is

en if price higher the demand will be lower

ya jadi +1 sehingga artinya akan ada kenaikan demand.

mand tidak berubah, sehingga harga diturunkan 0,5%