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The supply curve is given by QS = 200+20 PX 5 PI +0.

 The supply curve is given by

QS = −200+20PX −5PI +0.5PZ

where

QS = quantity supplied of good X PX = price of good X

PI = price of inputs to good X PZ = price of good


Based on the supply curve above, what is the relationship between good X and good Z

Are they substitutes or complements and why?

Top Answer

It has a positive coefficient, meaning when the... View the full answer

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the two goods, X... View the full answer

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