Business
Business, 08.02.2021 19:10, DatBoiCedd

There are two related markets in this case: The Activity holidays and The Beach Holidays. For the Activity Holidays (a): Demand: QDa = 7200 - 4Pa + 3Pb
Supply : QSa = − 1200 + 12Pa
For the Beach Holidays (b):
Demand: QDb = 1800 − 3Pb + 1/3Pa
Supply: QSb = − 400 + 3Pb
According to those two demand functions, what is the relationship between those two goods and why?

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Answers: 2

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There are two related markets in this case: The Activity holidays and The Beach Holidays. For the Ac...

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