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Unformatted text preview: 1b. Substitute. Rearrange the demand curve: Q = 200 (25 P x + 0.15 P y ) The positive sign of P y of the demand curve indicates the increase of the price of Y will increase the quantity of X....
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This note was uploaded on 11/15/2010 for the course ECON ECON1001 taught by Professor Ka-fuwong during the Spring '10 term at HKU.
- Spring '10