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Use the Following General Linear Demand Relation Qd=1005P+0.004M5PRQ _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }

Question 15

Multiple Choice

Use the following general linear demand relation: Qd=1005P+0.004M5PRQ _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R } where P is the price of good X,M is income,and PRP _ { R } is the price of a related good,R.From the demand function it is apparent that related good R is


A) normal.
B) inferior.
C) a substitute for good X .
D) a complement for good X.

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