Suppose QX d = 10,000 – 2 PX + 3 PY – 4.5M , where PX = $100, PY = $50, … a demand which is:

Managerial Economics

Suppose QX d = 10,000 – 2 PX + 3 PY – 4.5M , where PX = $100, PY = $50, and M = $2,000. Then good X has a demand which is:

Suppose QX d = 10,000 - 2 PX + 3 PY - 4.5M , where PX = $100, PY = $50, and M = $2,000. Then good X has a demand of Inelastic.

Tags: Quantitative Demand Analysis