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Author Question: Suppose that the demand curves for goods A, B, and C have the following functional forms:, where Q ... (Read 71 times)

llesku

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on: Oct 12, 2022
Suppose that the demand curves for goods A, B, and C have the following functional forms:, where Q denotes quantity demanded and P denotes price:
QA = 120 - 3.5PA - 6PB
QB = 100 - 2PB + 3PC
QC = 1500 - 0.5PC.
Based on these demand curves, which of the following pairs of goods are known to be substitutes?
◦ A and B
◦ B and C
◦ A and C
◦ A and C, and B and C
◦ none of the pairs are substitutes
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by llesku on Oct 12, 2022

Preeti

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Reply #1 on: Oct 12, 2022
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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llesku

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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