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Author Question: Suppose the market demand curve for tacos can be expressed as QD = 120 - 3P - Pb, where QD is the ... (Read 172 times)

arivle123

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on: Jul 1, 2018
Suppose the market demand curve for tacos can be expressed as QD = 120 - 3P - Pb, where QD is the quantity of tacos demanded, P is the price of a taco, and Pb is the price of a burrito. What is the relationship between burritos and tacos, from the point of view of consumers?
 
  A) They are independent.
  B) They are complements.
  C) They are substitutes.
  D) Not enough information to answer the question.

Question 2

The demand function for tickets to Ireland is expressed as Qd = 1600 - 0.005P + 2PEngland + 3rain + 2Y, where P is the price for tickets to Ireland, PEngland is the price of tickets to England, rain is the inches of rain Ireland receives annually, and Y is annual household income. Assuming PEngland is 1000, rain is 30 inches per year, and income is 40,000, how much would the price of tickets to Ireland have to fall for consumers to be willing to buy one more trip per year?
 
  A) 15
  B) 20
  C) 50
  D) 200
Microeconomics ¦ Perloff ¦ 8th Edition
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cswans24

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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arivle123

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

essyface1

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Reply 3 on: Yesterday
:D TYSM

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