Answer to Question #225336 in Microeconomics for Sana

Question

Q_x= 1.0- 2.0P_x + 1.5I + 0.8P_y- 3.0P_m+ 1.0A

Calculate sales

Answer 1

Px = $2,

I = $4,

Py = $2.5,

PM = $1,

A = $2

Substituting this into the equation

Qx = 1,0 – 2,0 (2) + 1,5 (4) + 0,8 (2,5) – 3(1) + (1) + 1 (2)

Qx= 1-4 +6 +2 -3 +2

Qx= 4