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16 Aug 2018
Suppose the demand for X is given by QXd = 50 - 4PX - 3PY - 5M + 3A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Based on this information, we know that good X is a
A. Substitute for good Y and a normal good
B. Complement for good Y and an inferior good
C. Complement for good Y and a normal good
D. Substitute for good Y and an inferior good
Suppose the demand for X is given by QXd = 50 - 4PX - 3PY - 5M + 3A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Based on this information, we know that good X is a
A. Substitute for good Y and a normal good
B. Complement for good Y and an inferior good
C. Complement for good Y and a normal good
D. Substitute for good Y and an inferior good
larryrambo777Lv10
18 Mar 2023
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Lelia LubowitzLv2
17 Aug 2018
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