Question
You have a demand function like this: Q = 100 + 15P +0.004M 2 + 24R The derivative dQ/dP Select one of the following: a.
You have a demand function like this:
Q = 100 + 15P +0.004M2 + 24R
The derivative dQ/dP
Select one of the following:
a. 15
b. 15P
c. -15
d. 100 +15P
Please take time to show the explanation of the answer. I believe it would be 15P, but I want to make sure I have worked it out correctly.
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
