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Given this supply function: QSX= 3 + 0.5PX- 2PA- 0.2PI Which of the following are true? Goods X and A are complementary goods Good A
Given this supply function:
QSX= 3 + 0.5PX- 2PA- 0.2PI
Which of the following are true?
Goods X and A are complementary goods
Good A is related in production to good X
An increase in the price of X causes an increase in the quantity supplied of X
An increase in the price of inputs, I, increase quantity supplied of X
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