Question: Assume the following: Consider John's demand function for bananas: Qa = 10 - Pa + 2Pp + Y Where, Qa = quantity of bananas John
Assume the following: Consider John's demand function for bananas: Qa = 10 - Pa + 2Pp + Y
Where, Qa = quantity of bananas John demands
Pa = price of banana that John faces
Pp = price of pizza
Y = Jenny's income
Consider initially that Pp= $1 and Y0 = $10 Use the information above to answer the following questions:
a) Draw John's demand function for bananas (1 mark)
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