Question: Q . 2 . Suppose that the general demand function for good X is QD = 5 0 0 - 5 PX + 0 .
Q Suppose that the general demand function for good X is
QD PX M PY PZ
where
QD quantity demanded of good X per month
PX price of good X
M Average consumer income, in thousands
PY price of good Y
PZ price of good Zc Based on the demand curve above, Are goods X and Y substitute or complements? What is the
relationship between good X and Good Z Explain
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