kyramillerr6105 kyramillerr6105

03-06-2023
Business

contestada

Suppose the demand function for good x is given as: Qd=−1.1Px+0.7Py−0.5Pz+0.0251−0.05T What will happen if Pz increases by $1, ceribus paribus (meaning no other variables change)? a. Qd will decrease by 1.1 units.
b. Qd will decrease by 0.5 units. c. Qd will increase by 0.5 units. d. Nothing.

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