Suppose That Initially, Demand Is Given by the Equation Qd

question 96

Multiple Choice

Suppose that initially, demand is given by the equation Qd = 48 − 4P. If, as a result of an increase in income, the quantity demanded increases by 12 at every price, the new demand equation would be:

• A) Qd = 60 − 4P.
• B) Qd = 36 − 4P.
• C) Qd = 48 − 16P.
• D) Qd = 48 − 8P.

---

Definitions:

Season

A division of the year marked by changes in weather, ecology, and hours of daylight, typically resulting from the earth's orbit around the sun leading to climatic changes.

Genetic Influences

The impact of genes inherited from parents on various traits and characteristics, including physical attributes, behaviors, and susceptibility to diseases.

Schizophrenia

A mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior, often manifesting through hallucinations and delusions.

Adopted Child

A child who has been legally taken by individuals other than their biological parents to be raised as their own.