Answer to Question #72920 in Other Economics for Fantella Coleman
. Assume that the demand for a product X is:
Qdx = 4,500 – 0.5Px + Py – 6Pz + 0.05M,
where Px is unit price of product X,
Py is unit price of product Y,
Pz is unit price of product 1Z, and
M is average income of consumers of product X.