Refer to the Following:
the Market Demand for a Monopoly $Q _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }$

question 15

Multiple Choice

Refer to the following:
The market demand for a monopoly firm is estimated to be:
$Q _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }$
where
$Q _ { d }$ is quantity demanded, P is price, M is income, and
$P _ { R }$ is the price of a related good. The manager has forecasted the values of M and
$P _ { R }$ will be $50,000 and $20, respectively, in 2015.
-For 2015, the forecasted demand function is

• A) \(Q _ { d }\) = 300,000 - 500P
• B) \(Q _ { d }\) = 100,000- 100P
• C) \(Q _ { d }\) = 600,000 - 100P
• D) \(Q _ { d }\) = 200,000 -500P
• E) none of the above

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