1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, wher
ID: 1173360 • Letter: 1
Question
1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, where Qd is the quantity demanded, P is the price of that good, and ADV is the number of units of advertising for that good, then at a price of 6, if ADV is equal to 10 then the quantity demanded would be equal to1.0 Points2. If the quantity demanded for a good is given by Qdx = 500 - 30*PX + 0.005*INCOME + 15*PY, where Qd is the quantity demanded of good X, PX is the price of good X, INCOME is a measure of consumer income in the market, and PY is the price of good Y. If PX = 6, INCOME = 10,000, and PY=7, then the quantity demanded of good X equals
1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, where Qd is the quantity demanded, P is the price of that good, and ADV is the number of units of advertising for that good, then at a price of 6, if ADV is equal to 10 then the quantity demanded would be equal to
If the quantity demanded for a good is given by Qdx = 500 - 30*PX + 0.005*INCOME + 15*PY, where Qd is the quantity demanded of good X, PX is the price of good X, INCOME is a measure of consumer income in the market, and PY is the price of good Y. If PX = 6, INCOME = 10,000, and PY=7, then the quantity demanded of good X equals
1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, where Qd is the quantity demanded, P is the price of that good, and ADV is the number of units of advertising for that good, then at a price of 6, if ADV is equal to 10 then the quantity demanded would be equal to
1.0 Points2. If the quantity demanded for a good is given by Qdx = 500 - 30*PX + 0.005*INCOME + 15*PY, where Qd is the quantity demanded of good X, PX is the price of good X, INCOME is a measure of consumer income in the market, and PY is the price of good Y. If PX = 6, INCOME = 10,000, and PY=7, then the quantity demanded of good X equals
Explanation / Answer
1)
Qd = 200 - 20*6 + 2*10
= 100
2) Qdx = 500 - 30*6 + 0.005*10,000 +15*7
= 475
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