Samuel asked in Social ScienceEconomics · 1 month ago

Kindly help me solve this economics question?

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  • Oiy
    Lv 5
    1 month ago
    Favorite Answer

    The parameter is logical. The demand has a negative slope. It increases with income. And the sign of Py is positive, so x and y are substitutes. The consumption of s or Qx= 10 - 5x2 +0.001x20,000 +10x2.50. If the income increases to 30,000, Qx would be 10 -5x2 +0.001 x30,000 +10x2.50. Qx increases with income. So X is obviously not an inferior good.

  • 1 month ago

    Hhmmmmm. If you take in all the components, and add up the sums. Also looking at the future and present. There seems to be a reoccurring pattern and if you look at other governments, just take the second part AND SHOVE IT UP UR BUTT. NERD (jk 🦑)

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