Question
The demand for video recorders has been estimated to be linear and given by the demand relation Q v = 145 3.2P v + 7M
The demand for video recorders has been estimated to be linear and given by the demand relation Qv= 145 3.2Pv+ 7M 0.95Pf 39Pm, where Qvis the quantity of video recorders, Pfdenotes the price of video recorder film, Pmis the price of attending a movie, Pvis the price of video recorders, and M is income. Based on the estimated demand equation we can conclude:
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Principles Of Microeconomics 3e By OpenStax
Authors: OpenStax
3rd Edition
1711471496, 978-1711471495
