Explain equation of the demand curve

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Reference no: EM13174518

The demand curve for asparagus is given by

Qd = 200 -5Pd + 0.5Pz

Where

Qd = quantity demanded of asparagus per week

Pd = price of 1lb of asparagus

Pz = price per unit of another good related to asparagus

a) Based on the demand curve for asparagus above, what is the relationship between asparagus and good Z?

b) What is the equation of the demand curve for asparagus if the price of good Z is $20?

c) Graph the demand curve for asparagus that you found in above.

(b)You must label the axes and show the intercept and the slope.

Reference no: EM13174518

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