The Estimated Demand for a Good Is $\hat { Q } = 4,800 - 16 P - 0.65 M - 1.5 P _ { R }$

question 26

Multiple Choice

The estimated demand for a good is $\hat { Q } = 4,800 - 16 P - 0.65 M - 1.5 P _ { R }$ where Q is the quantity demanded of the good,P is the price of the good,M is income,and $P _ { R }$ is the price of related good R.If income decreases by $2,000,all else constant,quantity demanded will ________ by _________ units.

• A)increase; 1.30 units
• B)decrease; 6.5 units
• C)increase; 1,300 units
• D)decrease; 65 units

---

Definitions:

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions and feelings.

Biological Treatment

Medical treatments for mental disorders that affect the brain's chemical environment, including medication and electroconvulsive therapy.

Therapeutic Technique

Methods or strategies used in therapy to treat physical, psychological, or social dysfunction.

Prognosis

An assessment or prediction about the likely outcome or course of a disease or condition.