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Suppose the linear demand curve for whiskey is Qxd=0 xPx yPy MM AA Where good X is whiskey, good Y is beer, M is income
Suppose the linear demand curve for whiskey is Qxd=0 xPx yPy MM AA Where good X is whiskey, good Y is beer, M is income and A is advertising. Assume whiskey is a normal good. What is the sign of x? Explain your response. What is the sign of y? Explain your response. What is the sign of M? Explain your response. What is the sign of A? Explain your response
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