Homework Answers
Replacing, py = 3, pz = 200 and Y = 4000 in the given equation, we get,
Q = 9 - 0.1 p - 3 + 0.01 (200) + 0.0005 (4000)
Q = 6 - 0.1p + 2 + 2 = 10 - 0.1 p
The quantity demanded as a function of the price can be written:
Q = 10 - 0.1p
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