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You own a dog-walking business and you have paid a marketing firm to estimate the demand for your services. They have produced this demand function:
You own a dog-walking business and you have paid a marketing firm to estimate the demand for your services. They have produced this demand function: QDemanded = 82 - 3*P + .5*M + 3*PR where Based on the coefficient in front of the Income variable (M) what do we know? Multiple Choice Your dog-walking service is generally considered an inferior good. Your dog-walking service is generally considered a normal good. Your dod-walking service might be either a normal good or an inferior good depending on the price your competitor charges. None of the above
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