Question: Please Explain: Explain the Demand Function for palay in RP for the period 2016-2021: Ds= 700 - 200Ps + 40Y - 80Pc Ds= 700 -

Please Explain:

Explain the Demand Function for palay in RP for the period 2016-2021:

Ds= 700 - 200Ps + 40Y - 80Pc

Ds= 700 - 200Ps + 15N

Please explain above why is it negative and why is it positive ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!