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Practice Questions For chp3-4

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19 views3 pages

Practice Questions For chp3-4

Uploaded by

Little bit Spicy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF or read online on Scribd
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Given the market model Q=Q Qe = 21-3P Qa-4+8P a) Write down the values of the parameters: a, b, c and d. 'b) Derive the expressions for P” and Q’, in terms of the parameters and then find the ‘umerical values of P’ and Q’. ) Derive all the four partial derivatives for Q’, that is, 0Q’/da, 0Q'/0b, 0Q'/dc and 0Q’/od and then find the numerical values for them. Given, aggregate consumption function, C = cY where, c is the marginal propensity to consume, 0

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