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

question 7

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.Income is $80,000,and the price of the related good is $40.Also let consumers' tastes change so that consumers now demand 100 more units at each price.When the price of the good is $50,how many units of the good are demanded?

• A)70
• B)200
• C)220
• D)100
• E)none of the above

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Sense Receptors

Specialized cells located in the sensory organs that detect and respond to different stimuli by converting them into neural impulses.

Specialized Cells

Cells differentiated to perform specific functions in an organism, such as muscle cells or nerve cells.

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Energy derived from electric potential or kinetic energy, commonly used for power in homes and industries.

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The genetic, anatomical, and behavioral traits inherited from ancestors, shaped by the process of natural selection over generations.