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The demand equations for two related products are given, where $p_{1}$ is the per unit price demanded for $x$ items of the first product and $p_{2}$ is the per unit price when $y$ units of the second product are demanded. Determine if the products are substitutes, complementary or neither.$$x=-3 p_{1}+2 p_{2}+8, \text { and } y=p_{1}-2 p_{2}+3$$

Sub

Calculus 3

Chapter 6

An Introduction to Functions of Several Variables

Section 5

Economic Applications

Partial Derivatives

Campbell University

University of Michigan - Ann Arbor

University of Nottingham

Boston College

Lectures

12:15

In calculus, partial derivatives are derivatives of a function with respect to one or more of its arguments, where the other arguments are treated as constants. Partial derivatives contrast with total derivatives, which are derivatives of the total function with respect to all of its arguments.

04:14

05:49

The demand and supply func…

01:05

Determine whether the dema…

09:38

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