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Business, 14.02.2020 16:28 Randomkid0973

Assume a demand equation for good 'x': Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y; where p = own price of the good Q = quantity demanded p_y = price of a related good = $3 p_z = price of a different related good = $200 Y = consumer income = $4,000/mo. The quantity demanded as a function of the price can be written:

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Assume a demand equation for good 'x': Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y; where p = own price o...
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