Use the Following General Linear Demand Relation $Q _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }$

question 60

Multiple Choice

Use the following general linear demand relation: $Q _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }$ where P is the price of good X,M is income,and $P _ { R }$ is the price of a related good,R.If income increases to $100,000 and the price of the related good is now $20,what is the demand function?

• A) \(Q _ { d } = 300 - 5 P\)
• B) \(Q _ { d } = 400 - 10 P\)
• C) \(Q _ { d } = 100 - 10 P\)
• D) \(Q _ { d } = 400 - 5 P\)
• E)none of the above

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Definitions:

Sheldon Cohen

A researcher known for his work in the field of psychology, particularly in studying the effects of stress, social support, and the common cold on human health.

Common Cold

A viral infectious disease of the upper respiratory tract, characterized by symptoms like coughing, sore throat, and runny nose.

Stressful Experiences

Situations or events that cause a state of strain or tension, potentially leading to negative health outcomes if not managed properly.

Contagious Microbe

A type of microorganism that can be transmitted from one individual to another, causing infectious diseases.