(Answered) Cnsider the following demand equationq 206 - 15p

Economics

Consider the following demand equation:

Q = 206 - 15p - 10po + 0.18Y

Here p is the price of the good, po is the price of a related good, and Y is income.

If we assume the price of the related good is held fixed at $10 and that income is held fixed at $40,000, calculate quantity demanded when its price is $2. Round your answer to the nearest whole number as needed; carefully follow all other numeric instructions.

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Macroeconomics, Economics

Category:- Macroeconomics
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