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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