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.


1
Expert's answer
2021-11-01T17:55:17-0400

Qx = 12 – 3Px + 4Py

Price $3.00 and 1.5

Q=12-3×3+4×1.5

=9


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS