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Does the law of demand hold for natty light

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Reference no: EM13337444

The demand for Natural Light beer is given by the following function:

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Where:

p = price of Natty Light

Y = income in thousands of dollars

P1 = price of good 1

P2 = price of good

Does the Law of Demand hold for Natty Light? Prove using calculus.

Is Natty Light a normal or an inferior good? Prove using calculus.

Reference no: EM13337444

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