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q-9-0-1p-x-p-y-0-01p-z-0-001y-where-own-price-p-x-30-quantity-demanded-25-75-price-of-a-pa878
(Solved): Q=9-0.1p_(x)-p_(y)+0.01p_(z)+0.001Y, where Own price, P_(x)=$30 Quantity demanded =25.75 Price of a ...
Q=9-0.1p_(x)-p_(y)+0.01p_(z)+0.001Y, where Own price,
P_(x)=$30Quantity demanded
=25.75Price of a related good,
P_(y)=$3Price of a related good,
P_(z)=$275Consumer income,
Y=$20,000ne income elasticity of demand '
\xi ', when equilibrium quantity is 25.75 units and income is
$20,000, is equal to
?(enter your response rounded to three decimal places). this case the good is: A. an inferior necessity. B. an inferior good. C. a normal luxury. D. a normal necessity.
