You are the manager of a firm that receives revenues of $60000 per year from product X and $100000 per year from product Y The own price elasticity of demand for product X is 2 and the cross price elasticity of demand between product Y and X is 1.5 How much will your firm's total revenues revenues from both products change if you increase the price of good X by 2 percent

True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.