Question
The demand curve is given by: Qo = 500 - SPx+ 0.51 + lOPY - 2Pz where: Qo= quantity demanded of good X, Px= Price
The demand curve is given by:
Qo = 500 - SPx+ 0.51 + lOPY - 2Pz
where: Qo= quantity demanded of good X, Px= Price of good X, !=consumer income in thousands, Py= price of good Y, Pz=price of good Z
What is the equation of the demand curve if consumer incomes are $30,000, the price of good Y is $10, and the price of good Z is $20?
OD = 500- 5px + 0.5(30,000) + 100 - 40
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
