Market Demand, Microeconomics

Assignment Help:
Ask quesThe market demand for brand X has been estimated as

Qx = 1,500 - 3Px - 0.05I - 2.5Py + 7.5Pz

where Px is the price of brand X, I is per-capita income, Py is the price of brand Y, and Pz is the price of brand Z. Assume that Px = $2, I = $20,000, Py = $4, and Pz = $4.


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