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Given the Demand Function QX = 1500 - 100PX

question 103

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Given the demand function QX = 1500 - 100PX + 75PY + 1.5I + .06A where PY = $40.00, I = $2500, and A = $5,000. When price of good X is increased from $60.00 to $75.00, we know that demand for good X over this range is:


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