Unraveling the DY Curve Pattern to Anticipate Py Price Changes | Elon University - Edubirdie

University:
Elon University
Course:
ECO 1000 | Economics
Academic year:

2024
Views:

236

Pages:

1
Author:

Masadepan C.

Unraveling the DY Curve Pattern to Anticipate Py Price Changes Px 10 Py 8 M 80 x 3,6 y 5,5 MUx 18,5 MUy 14,8 Umax 108,6 10 10 12 5 80 80 3,7 3,5 3,6 9 16 29 15 14,5 98,4 157,5 Py y 3, 65, 59 Explanation: The analysis of the curve above is in accordance with the law of demand which reads that if the price of Py increases, the demand for goods Y decreases. And vice versa if the price Py falls, the demand for goods Y will increase. DY is a demand curve. The curve for good Y is linear

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