Assume a demand equation for good 'x': where Q = 90.1pPy + 0.01pz + 0.0005Y; p= own price of the good Q = quantity demanded Py = price of a related good = $3 P₂ = price of a different related good = $200 Y = consumer income = $4,000/mo. The quantity demanded as a function of the price can be written: Q = 10-0.1p If the price of this good 'x' is equal to $46 per unit, what would be the quantity demanded? units. (enter your response rounded to one decimal place)

Assume a demand equation for good 'x': where Q = 90.1pPy + 0.01pz + 0.0005Y; p= own price of the good Q = quantity demanded Py = price of a related good = $3 P₂ = price of a different related good = $200 Y = consumer income = $4,000/mo. The quantity demanded as a function of the price can be written: Q = 10-0.1p If the price of this good 'x' is equal to $46 per unit, what would be the quantity demanded? units. (enter your response rounded to one decimal place)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 19QP

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