The Demand for Good X Is Estimated to Be Q_x^d

question 69

Multiple Choice

The demand for good X is estimated to be Q_x^d = 10,000 − 4P_X + 5P_Y + 2M + A_X where P_X is the price of X,P_Y is the price of good Y,M is income,and A_X is the amount of advertising on X.Suppose the present price of good X is $50,P_Y = $100,M = $25,000,and A_X = 1,000 units.What is the demand curve for good X?

• A) 61,500
• B) 61,300
• C) 61,300 − 4P_X
• D) 61,500 − 4P_X

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Definitions:

Childhood

The period of life from birth to adolescence, characterized by growth, learning, and socialization.

Mature Consumers

Individuals, typically aged 55 and older, with distinct consumer habits and preferences shaped by their life experiences.

Homogeneous Market

A market composed of consumers or buyers with similar needs, interests, and characteristics, making it easier to target with specific products or marketing strategies.

Enthusiastic Customers

Individuals who are highly satisfied and passionate about a brand or product, often promoting it voluntarily.