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Answer to Question #259680 in Microeconomics for myra
Question #259680
The demand for company X's product is given by Qx = 12 – 3Px + 4Py. Suppose good X sells for $3.00 per unit and good Y sells for RM1.50 per unit.
Expert's answer
Qx = 12 – 3Px + 4Py
Price $3.00 and 1.5
Q=12-3×3+4×1.5
=9
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