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Q. If the Lava ground is currently at the point A on its PPF, Elucidate how the construction of tanks can be increased?

Q. The demand for good X is estimated to be Qxd = 10,000 - 4Px+ 5Py+ 2M + Ax, where Px is the cost of X, Py is the cost of good Y, M is income also Ax is the amount of advertising on X. Assume the present cost of good X is $50, Py is $100, M is $ 25,000 also Ax =1,000 units. Illustrate what is the demand curve for good X?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9171907

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