Consider the Demand Functions:A)Qd = 250 - 2P B)Qd =

question 1

Multiple Choice

Consider the demand functions:A) Qd = 250 - 2P B) Qd = 300 - 3P. Which of the demand functions reflects a higher level of consumer incomes?

• A)A
• B)B
• C)A and B reflect the same consumer incomes.
• D)More information is needed.

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