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Bonus 2 marks Assume that when the Price of a Good increases from 100$ to 150$ and as a result, the optimal quantity demanded falls
Bonus 2 marks Assume that when the Price of a Good increases from 100$ to 150$ and as a result, the optimal quantity demanded falls from 6 to 3. Which of the following best represents a Demand Curve for this individual, a. P=-50*Q + 200 b. P=-50*Q- 100 c. P= 16.667*Q+ 100 d. P=-16.667*Q + 200
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