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



Title: Assume the supply function for good X can be written asQs = -100 + 27Px - 5Py - 1.8Wwhere Px = the ...
Post by: insherro on Jan 23, 2017
Assume the supply function for good X can be written as
Qs = -100 + 27Px - 5Py - 1.8W
where Px = the price of X,
Py = the price of good Y, and
W = Wage index for workers in industry X.
This equation implies that X and Y are complements in production.


Title: Re: Assume the supply function for good X can be written asQs = -100 + 27Px - 5Py - 1.8Wwhere Px = ...
Post by: andyborzi on Jan 23, 2017
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