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Assume the Demand Function for Good X Can Be Written

question 33

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Assume the demand function for good X can be written as Qd = 80 - 3Px - 6Py + 10I,where Px = the price of X,Py is the price of Y and I is consumer income.If the price of Y decreases by 5 dollars,what would the reduction in Px have to be in order to keep the quantity demanded of X unchanged by the change in the price of Y?


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