demand function | substitutes | complements | normal goods | inferior good| inverse demand function скачать в хорошем качестве

demand function | substitutes | complements | normal goods | inferior good| inverse demand function

The demand for good X is given by: Qdx= 1,200-1/2Px+1/4Py-8Pz+1/10M Research shows that the prices of related goods are give by Py=$5,900 and Pz=$90, while the average income of individuals consuming this product is M=$55,000. a. Indicate whether goods Y and Z are substitutes or complements for good X. b. Is X an inferior or a normal good? c. How many units of good X will be purchased when Px=$4,910? d. Determine the demand function and inverse demand function for good X. #MathematicalEconomics #IITJAM #NetEconomics #GateEconomics    • Mathematical Economics Differentiation Que...   #Microeconomics    • Micro Economics   #Integration in ECONOMICS    • Integration and Economics   Algebra in Economics    • Algebra in Economics   #MatrixAlgebra in Economics    • Algebra in Economics   #GRAPHING_IN_ECONOMICS    • Graphing In Economics   #Choice under uncertainty    • CHOICE UNDER UNCERTAINTY   #GAMETHEORY    • GAME THEORY IN ECONOMICS   #ComparativeStaticsInEconomics    • Comparative Statics Analysis in Economics   #GATEECONOMICS    • GATE ECONOMICS PAPER   #INPUT_OUTPUT_MODEL    • INPUT OUTPUT ANALYSIS   #IS-LM_MODEL    • IS–LM Model   You can Join On Facebook https://www.facebook.com/profile.php?... Facebook page   / econmathss   On Telegram https://t.me/Hilal885 #neteconomics #gateeconomics #dsu #econmath #importantquestionsineconomics #jnu #ies #economicsonyourtips #MathematicalEconomics #JAMECONOMICS #ImportantQuestionsInEconomics #MAEntranceEconomics #QuantitativeEconomics #EconMath #NETEconomics #KU #MathematicalEconomics #EconMath #GATEEconomics #NETEconomics #DSU