Given the estimated demand function Equation 2.2 for avocados, Q = 104 40p + 20pt +
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Given the estimated demand function Equation 2.2 for avocados, Q = 104 – 40p + 20pt + 0.01Y, use algebra (or calculus) to show how the demand curve shifts as per capita income, Y, increases by $ 1,000 a year. Illustrate this shift in a diagram.
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Related Book For 
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
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