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The demand for Shiner beer is estimated to be QdShiner = 10,000 400PShiner + 500PSt.Arnold + 0.5M + AShiner where PShiner is the price of
The demand for Shiner beer is estimated to be QdShiner = 10,000 400PShiner + 500PSt.Arnold + 0.5M + AShiner where PShiner is the price of Shiner, PSt.Arnold is the price of St. Arnold, M is consumer income, and AShiner is the amount of Shiner advertising. Suppose the current price of Shiner is $12, PSt.Arnold = $10, M = $50,000, and AShiner = 1,000. What is the demand curve for Shiner beer? 41,000 400PShiner 36,200 400PShiner 36,200. 41,000
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