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Suppose the Demand for X Is Given by Qxd =

Question 43

Multiple Choice

Suppose the demand for X is given by Qxd = 100 − 2PX + 4PY + 10M + 2A,where PX represents the price of good X,PY is the price of good Y,M is income,and A is the amount of advertising on good X.Good X is:


A) an inferior good.
B) a normal good.
C) a Giffen good.
D) a complement.

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