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An analyst for a shoe company estimates the demand for its shoesis Qx = 10 4Px+ 5Py 3Ay. Then good Y is: a.
An analyst for a shoe company estimates the demand for its shoesis Qx = 10 – 4Px+ 5Py – 3Ay. Then good Y is:
a. an inferior good
b. a normal good
c. a complementary good
d. a substitute good
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