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Suppose the demand for good X is given by QdX. QdX equals to 10 minus 2PX plus PY plus M. QdX is the quantity demanded
Suppose the demand for good X is given by QdX. QdX equals to 10 minus 2PX plus PY plus M. QdX is the quantity demanded for good X, PX denotes the price of good X, PY denotes the price of good Y, M denotes income. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased
Select one:
a. 515.
b. 1,000.
c. None
d. 115.
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