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Suppose the quantity of band-aids was related to price and income by quantity = 120 9.8price 0.03income . (a) What is the demand for band-aids
Suppose the quantity of band-aids was related to price and income by quantity = 120 9.8price 0.03income . (a) What is the demand for band-aids if price = 15 an income = 200.? (b) What does this suggest about using linear functions to describe demand for bandaids
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