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Given the Demand Function QX = 1500 - 100PX

Question 50

Multiple Choice

Given the demand function QX = 1500 - 100PX + 75PY + 1.5I + .06A where PY = $40.00. I = $2500, and A = $5,000, what is the equation of the demand curve for X?


A) QX = 1500 - 100PX
B) QX = 1500 + 100PX
C) QX = 8550 - 100PX
D) QX = 8550 + 100PX
E) QX= 4275 - 100PX

Correct Answer:

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