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{"ops":[{"insert":"Demand function for a normal good X is given as Qdx =4\u20130.4Px \u20130.2Py +0.3Pz +0.3M\nwhere Qdx is quantity demanded for good X, Px is price of good X, Py and Pz are\nprices of related goods, and M is income. Y is good Y and Z is good Z. i. What type of good is Y? Explain your answer.\nii. What type of good is Z? Explain your answer.\niii.Interpret the coefficients of Px, Py, Pz, and M.\n"}]}
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