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1. The cross price elasticity of demand between goods X and Y is -3.5. If the price of X decreases by 7%, the quantity demanded of Y will ___.

2. What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40?

3. Costs that are forever lost after they have been paid are___.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9500315

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