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What is the relationship between good x and good z

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Reference no: EM132162112

A supply curve is given by QS= -400 + 10PX - 5PI - 0.35PZ Where QS = quantity supplied of good X PX = price of good X PI = price of inputs to good X PZ = price of good Z

a. Based on the supply curve above, what is the relationship between good X and good Z?

b. What is the equation of the supply curve if input prices are $13 and the price of Z is $15?

c. Now calculate the price intercept for this supply curve. You do not need to draw the graph.

d. Now suppose the price of inputs chang

Reference no: EM132162112

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