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Other Fields Homework Help Economics Topic started by: hiusy98 on Jan 23, 2017



Title: Assume the demand function for good X can be written asQd = 80 - 3Px + 2Py + 10Iwhere Px = the price ...
Post by: hiusy98 on Jan 23, 2017
Assume the demand function for good X can be written as
Qd = 80 - 3Px + 2Py + 10I
where Px = the price of X,
Py = the price of good Y, and
I = Consumer income.
This equation implies that X and Y are substitutes.


Title: Re: Assume the demand function for good X can be written asQd = 80 - 3Px + 2Py + 10Iwhere Px = the ...
Post by: sofresh on Jan 23, 2017
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Title: Re: Assume the demand function for good X can be written asQd = 80 - 3Px + 2Py + 10Iwhere Px = the price ...
Post by: hiusy98 on Mar 27, 2017
I owe you my life lol