Given the Demand Function Q_X = 1500 - 100P_X

question 50

Multiple Choice

Given the demand function Q_X = 1500 - 100P_X + 75P_Y + 1.5I + .06A where P_Y = $40.00. I = $2500, and A = $5,000, what is the equation of the demand curve for X?

• A) Q_X = 1500 - 100P_X
• B) Q_X = 1500 + 100P_X
• C) Q_X = 8550 - 100P_X
• D) Q_X = 8550 + 100P_X
• E) Q_X= 4275 - 100P_X

---

Definitions:

Cash

The most liquid form of asset, representing currency or its equivalent that is accepted for the exchange of goods, repayment of debt or in meeting expenses.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Accounts Receivable

Accounts receivable refers to the money owed to a company by its customers for goods or services delivered but not yet paid for.

Forward Contract

A personalized deal between two counterparties to execute the sale or purchase of an asset at a set price on a future date agreed upon.