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Cereal Firm Has Estimated the Demand for Its Product to Be

Question 90

Multiple Choice

Cereal firm has estimated the demand for its product to be Q=15-1.5P+3Y-2ps+Pc, where P is the price of the good, Y is the consumer's income, PS and PC are prices of related goods. If P=3, Y=10, PS=3 and PC=3, what is the estimated demand for the firm's product?


A) 32.5
B) 35.5
C) 37.5
D) 40.5

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