Question
can you explain to me how to understand questions please The demand for good X is given by the equation QX= 125 - 2 PX+
can you explain to me how to understand questions please
The demand for good X is given by the equation QX= 125 - 2 PX+ 3 PY- 0.5 I, where PYis the price of a related good, and I is income. Which of the following is true:
None of the other options is correct.
Good X is an inferior good.
Good X and Y are complements.
Good X is a normal good.
The demand for good X is given by the equation QX= 125 - 2 PX+ 3 PY- 0.5 I, where PYis the price of a related good, and I is income. Which of the following is true:
Goods X and Y are complements.
Goods X and Y are substitutes.
Impossible to answer with the information given.
Goods X and Y are unrelated.
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