Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price

Question

kobusy [5.1K]

4 years ago

13

Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price

of good Y, M is income and A is the amount of advertising on good X. Good X is

Mathematics

1 answer:

puteri [66] · Answer 1 · 2022-01-14T22:58:00+03:00

puteri [66]4 years ago

6 0

Answer:

Normal Good

Step-by-step explanation:

A normal good is a good in which a rise in income comes with bigger increases in its quantity demanded. In the demand function, M which is the income is positive and has the highest value.

Therefore Good X is a Normal Good.