Answer to Question #259680 in Microeconomics for myra

Question #259680

The demand for company X's product is given by Q_x = 12 – 3P_x + 4P_y. Suppose good X sells for $3.00 per unit and good Y sells for RM1.50 per unit.

Expert's answer

Q_x = 12 – 3P_x + 4P_y

Price $3.00 and 1.5

Q=12-3×3+4×1.5

=9

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