Page 6 - FINAL CFA SLIDES DECEMBER 2018 DAY 5
P. 6
Session Unit 4:
14. Topics in Demand & Supply Analysis, p. 1
LOS 14.a: Calculate and interpret price, income, and cross-price elasticities of demand
and describe factors that affect each measure., p. 6
In order to calculate the cross price elasticity of
demand for Bus Travel and Gasoline, we construct a
demand function with only the P of BT
independent:
Interpretation?
Interpretation?
