Question: Please I need answer for: E, F and G exercise # 3 thank u Exercise #3 E, F and G please 7:56 PM moodle.mcny.edu l
Exercise #3 E, F and G please 7:56 PM moodle.mcny.edu l T-Mobile 3. The demand curve is given by -50050.5I10P-2P where Op quantity demanded of good X Pr- price of good X I consumer income, in thousands Py- price of good Y Pz price of good Z a. Based on the demand curve above, is X a nor b. Based on the demand curve above, what is the c. Based on the demand curve above, what is the d. What is the equation of the demand curve if good Ys$10, and the price of good Z is $20? mal or an inferior good? relationship between good X and good Y? relationship between good X and good Z2 consumer incomes are $30,000, the price of e. Graph the demand curve that you found in (d), showing intercepts and slope f. If the price of good X is $15, what is the quantity demanded? Show this point on your demand curve g. Now suppose the price of good Y rises to $15 Graph the new demand curve . The supply curve is given by Qs-200+20Pr-5P+0.5P where s-quantity supplied of good X Px price of good X Pi-price of inputs to good X Pg = price of good Z a. Based on the supply curve above, what is the
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