Demand Function Analysis and Estimation
If demand function for good X is given by X^D = 1500-1.3P,-1.8P + 2M then we know that?
Answer: Goods X and Y are complements to each other
Explanation
If demand function for good X is given by X^D = 1500-1.3P,-1.8P + 2M then we know that goods X and Y are complements to each other.
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