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Question
The demand curves for steak, eggs, and hot dogs are given in the table below. The current price of steak is $5. The price of eggs is $2.50, and the price of hot dogs is $0.75. Fill in the remaining columns of the table using this information. Indicate which goods are substitutes and which goods are complements.| Good | Demand Equation | Steak Price Elasticity of Demand | Egg Price Elasticity of Demand | Hotdog Price Elasticity of Demand |
| Steak | DS = 500 - 2PS -  PE + PH | |||
| Egg | DE = 75 - 3PE - PS + PH | |||
| Hotdog | DH = 300 -  PH + PS + PE |
Answer
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