Use the following general linear demand relation to answer the next question:Qd = 100 - 5P + 0.004M - 5PR, where P is the price of good X, M is income and PR is the price of a related good, R. From the demand function it is apparent that related good R isa. an inferior good. b. a normal good. c. a complement for good X. d. a substitute for good X.
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Use the following general linear demand relation to answer the next question:Qd = 100 - 5P + 0.004M...
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