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1. Suppose that the generalized demand function for good X is Q d = - 30 P X + 0.05 M + 2 Pr +

1. Suppose that the generalized demand function for good X is Q d = - 30 P X + 0.05 M + 2 Pr + 4 T P X : The price of the product X M: Per capita income Pr: Prices of related goods T: ...

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