Answered: Qd=250-2P+5Y Qs= 100-4P+2A Y=12, A=4…

Qd=250-2P+5Y Qs= 100-4P+2A Y=12, A=4 a. Is Qd endogenous or exogenous? b. Is P endogenous or exogenous? c. Is A exogenous or exogenous?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Q_d=250-2P+5Y

Q_s= 100-4P+2A

Y=12, A=4

a. Is Q_dendogenous or exogenous?

b. Is P endogenous or exogenous?

c. Is A exogenous or exogenous?

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