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Determine product a inferior or normal good

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Reference no: EM1381826

Research illustrates that prices of related goods are given by Py = $5,900 and ; Pz = $90, while average income of individuals consuming this product is M = $55,000.

Point out whether goods Y and Z are substitutes or complements for good X. Describe
Is X inferior or a normal good?
How many unities of food x will be bought when Px is $2,900

Reference no: EM1381826

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