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Find how much q1 changes

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Reference no: EM13338367

You are given the following demand function for a good q1 :

q1 = 50 - 5P1 + 0,5P2 + 0,4Y

Y : income, P2 : price of a substitute good for a 5 percent decrease in P2 find how much q1 changes ?

Reference no: EM13338367

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