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Demand for lift tickets at a popular ski resort is given by: Q = 2,500 - 0.25p + Zpalt - 4p|odging + 0.005Y where: p
Demand for lift tickets at a popular ski resort is given by: Q = 2,500 - 0.25p + Zpalt - 4p|odging + 0.005Y where: p = price of a lift ticket pa\" = price of a tropical vacation package = $900 Q = quantity demanded plodging = price of ski resort lodging = $300 Y = consumer income = $30,000 The quantity of lift tickets demanded (Q) as a function of the price can be written o = D. Lift tickets and resort lodging can be considered E goods. Lift tickets can be considered to be an inferior g - substitute complementary unrelated
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