Suppose the Demand Function for Cable TV Service Is Given

question 23

Multiple Choice

Suppose the demand function for cable TV service is given by Q_CTV = 15 - 0.25 × P_CTV + 0.0005 × M + 0.3 × P_STV,Q_CTV is the quantity of cable TV demanded (thousands of households) ,P_CTV is the price of cable TV,M is income and P_STV is the price of satellite TV service.Suppose consumers' income is $50,000 and the price of satellite TV service is $90.At what price would the demand for cable TV services be equal to 55,000 households?

• A) $67
• B) $48
• C) $12
• D) There is not enough information to answer the question.

Acquire skills in analyzing financial data to calculate various financial ratios.

Identify and understand dysfunctional interactions and lack of family support.

Assess and analyze family structures.

Recognize and categorize various family life cycles.

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