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  1. 09-25-2009, 01:43 PM #1
    Akesha E
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    Economics question help please?

    . Given the following estimated demand function: Qx = 200 – 17Px + 14Ps – 20Pc –0.1Y (where Qx represents quantity demanded; Px represents price of the main product; Ps represents price of the substitute; Pc represents price of the complement and Y represents income)

    a) Interpret the value of each coefficient in the estimated demand function.
    b) If there is a $2.52 increase in Ps, what impact it would have on Qx?

    c) Given: Px = $10; Ps = $20; Pc = $25 and Y = $2,000. What is the coefficient for the marginal
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  2. 09-25-2009, 01:45 PM #2
    Precious
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  3. 09-25-2009, 01:45 PM #3
    Precious
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