Study Questions for Intermediate Microeconomics Exam #1
Practice Questions / Intermediate Microeconomics Exam #1. Wednesday, February 17 ** Reminder – a question involving utility maximization will also be on the exam! ** 1. Assume the demand for good X is log linear, with QX = c ((PX)1/2. (a) If the quantity demanded is 120 when PX is $2.00, what is the quantity demanded when PX. rises to $4.50? ................
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