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Qd=100−5P+0.004M−5PRQ _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }

Question 24

Multiple Choice

Qd=100−5P+0.004M−5PRQ _ { 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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