At what price is demand for widgets zero, Microeconomics

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At what price is demand for widgets zero

Consider the following demand function for widgets:

Q_d=4500-20P- .001M+30P_R

Is this a normal good or an inferior good?

Is good R a substitute or a complement?

At what price is demand for widgets zero, if average income is $100,000 and the price of good R is $100?

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Microeconomics: At what price is demand for widgets zero

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Microeconomics: At what price is demand for widgets zero

Reference No:- TGS042231

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How to influence the incentive of a decision maker

Q : Determining the cash flows to the bank

Q : Significance of evaluating financial performance

Q : Concerning transfer pricing practices

Q : At what price is demand for widgets zero

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: At what price is demand for widgets zero

Reference No:- TGS042231

Recent Questions Asked Microeconomics

Q : How to influence the incentive of a decision maker

Q : Determining the cash flows to the bank

Q : Significance of evaluating financial performance

Q : Concerning transfer pricing practices

Q : At what price is demand for widgets zero

Q : Current conditions of fixed income and common stock

Q : Shipping inventory to chinese subsidiary

Q : Determining component cost of debt

Q : Explain the effect on labour demand and supply

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