use the demand function below to answer the questions that follow where P y and P z are prices of related goods and M is income. using the demand function: Q dx = 3/4 - 1/3P x - 5P y + 2P z - 2/10M...


use the demand function below to answer the questions that follow


where Py and
Pz
are prices of related goods and M is income. using  the demand  function: Qdx
= 3/4 - 1/3Px
- 5Py+ 2Pz- 2/10M


where Pyand Pz are  prices of related goods and M is income. Using the demand function;



(a) identify which type  of goods isPz

and explain it



(b) identify which type of good is M and expalin it



(c ) identify which type of good is Py and explain it and interpret
Px




Jun 09, 2022
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