Given the Demand Function Q_X = 5,000 - 250P_X +120P_Y

question 11

Multiple Choice

Given the demand function Q_X = 5,000 - 250P_X +120P_Y +.04I where
P_Y = $50.00 and I = $60,000, what is the equation of the demand curve for X?

• A) Q_X = 5000 - 250P_X
• B) Q_X = 5000 + 250P_X
• C) Q_X= 8550 - 250P_X
• D) Q_X = 13,400 - 250P_X
• E) Q_X = 13,00 + 250P_X

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