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    Managerial Economics and Business Strategy Study Set 1
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    Exam 3: Quantitative Demand Analysis
  5. Question
    Suppose Q <Sub>x</sub><sup>d</sup> = 10,000 − 2 P<sub>x</sub> + 3
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Suppose Q xd = 10,000 − 2 Px + 3

Question 80

Question 80

Multiple Choice

Suppose Q xd = 10,000 − 2 Px + 3 Py − 4.5M,where Px = $100,Py = $50,and M = $2,000.How much of good X is consumed?


A) 100 units
B) 500 units
C) 1,100 units
D) 950 units

Correct Answer:

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