Given the Demand Function Q_X = 1500 - 100P_X

question 26

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 price equation?

• A) P_X = 15 - .01Q_X
• B) P_X = 15 + 100Q_X
• C) P_X = 85.50 - 100Q_X
• D) P_X = 85.50 - .01Q_X
• E) P_X= 85.5 + .01Q_X

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