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Suppose the demand for good x is ln Q x d = 21 0.8 ln P x 1.6 ln P y + 6.2 ln M
Suppose the demand for good x is ln Qxd = 21 0.8 ln Px 1.6 ln Py + 6.2 ln M + 0.4 ln Ax. Then we know goods x and y are:
a) inferior goods
b) substitutes.
c) complements.
d) normal goods.
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
