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

---

Definitions:

Statutory Requirements

Legal obligations or rules that are established and enforced by legislation.

Powers of Attorney

A legal document that allows one person (the principal) to appoint another person (the agent or attorney-in-fact) to make financial, legal, and health decisions on their behalf.

Junior Account Executive

An entry-level position in sales or advertising, responsible for managing client accounts and supporting senior executives.