Question: 16) Assume the demand function for good X can be written as Qd = 80 - 3Px - 6Py + 10I, where Px = the

16) Assume the demand function for good X can be written as Qd = 80 - 3Px - 6Py + 10I, where Px = the price

of X, Py is the price of Y and I is consumer income. If the price of Y decreases by 5 dollars, what would the

reduction in Px have to be in order to keep the quantity demanded of X unchanged by the change in the price

of Y?

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