Suppose the Demand for Good X Is Given by Q^d_x

question 125

Multiple Choice

Suppose the demand for good X is given by Q^d_x = 10 + a_xP_x + a_yP_y + a_MM.If a_M is negative,then good y is:

• A) a normal good.
• B) an inferior good.
• C) a complement.
• D) a substitute.

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Definitions:

Graduated

Pertains to having completed a course of study, typically in the context of completing a degree or educational level.

Ceremony

A formal event or occasion, typically one celebrating a particular achievement or anniversary.

Disappointment

The feeling of dissatisfaction that arises from a gap between expectations and the actual performance or outcome of a product or service.

Performance

The action or process of carrying out or accomplishing an action, task, or function.