Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
1 answer:
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Answer:
Option D.
Explanation:
The demand function for good X is
where, is price of good X,
is price of good Y and M is income.
It is given that the price of good X is $1, the price of good Y is $10, and income is $100.
Substitute ,
and M = 100 in the given function.
None of the statements associated with this question are correct.
Therefore, the correct option is D.