# Assume that the demand for product X is represented by the following equation: Qdx = 1000-10Px...

###### Question:

Assume that the demand for product X is represented by the following equation: Qdx = 1000-10Px +2Py – 4Pz

i) Which of the products Y and Z is a substitute to X in consumption? Which is a complement? Explain.

ii) If you are told that Py = 25 and Pz = 50, find the simple linear demand equation and graph it.

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