Given the following nonlinear demand function for processed pork
Q = 250 - P³ + 0.7logPb +0.9logy, where Q is the quantity
demanded for processed pork, P is the price of processed
pork, PB is the price beef and Y is the consumer's income. If P =
N$3, PB = N$100 and Y = N$5000, income elasticity is
Select one:
? ?. 90%
? ?. 19.76%
OC. 0.9%