Question
Suppose the demand for X is given by Q x d = 80 P X + 3P Y + 5M + 3A, where P X
Suppose the demand for X is given by Qxd = 80 PX + 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
Multiple Choice
- good X is a complement for good Y.
- good X is an inferior good.
- good X is a substitute for good Y.
- good Y is a normal good.
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
