Multiple Choice
The following linear demand specification is estimated for Conlan Enterprises,a price-setting firm: where Q is the quantity demanded of the product Conlan Enterprises sells,P is the price of that product,M is income,and
is the price of a related product.The results of the estimation are presented below:
Given the above,based upon the parameter estimates in the above table
A) this good is a normal good.
B) the related good is a substitute.
C) the related good is a complement.
D) a and b
E) a and c
Correct Answer:

Verified
Correct Answer:
Verified
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