Multiple Choice
estimated demand for a good is where Q is the quantity demanded of the good,P is the price of the good,M is income,and is the price of related good R.If income decreases by $1,000,all else constant,quantity demanded will ________ by _________ units.
A) decrease; 320 units
B) increase; 3.2 units
C) decrease; 1200 units
D) increase; 500 units
E) decrease; 500 units
Correct Answer:

Verified
Correct Answer:
Verified
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