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    Managerial Economics and Business Strategy Study Set 1
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    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose the Demand for Good X Is Given by Q<sup>d</sup><sub>x</sub>
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Suppose the Demand for Good X Is Given by Qdx

Question 19

Question 19

Multiple Choice

Suppose the demand for good X is given by Qdx = 10 + axPx + ayPy + aMM.From the law of demand we know that ax will be:


A) less than zero.
B) greater than zero.
C) zero.
D) None of the statements associated with this question are correct.

Correct Answer:

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