The Following Linear Demand Specification Is Estimated for Conlan Enterprises,a

question 44

Multiple Choice

The following linear demand specification is estimated for Conlan Enterprises,a price-setting firm: where Q is the quantity demanded of the product Conlan Enterprises sells,P is the price of that product,M is income,and is the price of a related product.The results of the estimation are presented below: Given the above,based upon the parameter estimates in the above table

• A)this good is a normal good.
• B)the related good is a substitute.
• C)the related good is a complement.
• D)a and b
• E)a and c

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