The Demand for Video Recorders Has Been Estimated to Linear

question 124

Multiple Choice

The demand for video recorders has been estimated to linear and given by the demand relation Q_v = 145 - 3.2P_v + 7M - 0.95P_f - 39P_m, where Q_v is the quantity of video recorders, P_f denotes the price of video recorder film, P_m is the price of attending a movie, P_v is the price of video recorders, and M is income.Based on the estimated demand equation we can conclude:

• A)video recorders are normal goods.
• B)the demand for video recorders is inelastic.
• C)video recorders are normal goods and the demand for video recorders is inelastic.
• D)video recorders are normal goods and video recorder film is a complement for video recorders.

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Definitions:

Generalized Anxiety Disorder (GAD)

A mental health disorder characterized by persistent, excessive, and unrealistic worry about everyday things, often with no obvious cause.

Benzodiazepine

A class of drugs primarily used for treating anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA in the brain.

Selective Serotonin Reuptake Inhibitor (SSRI)

A class of drugs commonly used to treat depression and anxiety by increasing serotonin levels in the brain, thereby improving mood.

Obsessive-Compulsive Disorder (OCD)

Anxiety disorder characterized by obsessions (persistent thoughts) and compulsions (rituals).