Multiple Choice
Use the following general linear demand relation: where P is the price of good X,M is income,and is the price of a related good,R.If income increases to $100,000 and the price of the related good is now $20,what is the demand function?
A)
B)
C)
D)
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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