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Suppose the demand for X is given by Q x d = 100 - 2P X + 4P Y + 10M + 2A, where P

Suppose the demand for X is given by Qxd= 100 - 2PX+ 4PY+ 10M + 2A, where PXrepresents the price of good X, PYis 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 Y is

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  • an inferior good.
  • a substitute for good X.
  • a normal good.
  • a complement for good X.

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