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Home Q & A Board Other Fields Homework Help Business Economics
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lcard044 lcard044
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2 years ago
Consider the following equations for the demand for good A, where QA denotes quantity demanded, PA denotes price, and M denotes income:
1. QA = 120 + 3.5 PA + 14M
2. QA = 120 - 3.5 PA + 14M
3. QA = 120 - 3.5 PA - 14M
Which of these equations represents a downward-sloping demand curve for an inferior good?

▸ 1 only

▸ 2 only

▸ 3 only

▸ 1 and 2

▸ none of the equations
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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mrivas57mrivas57
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2 years ago
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lcard044 Author
wrote...

2 years ago
Thanks for your help!!
terriroberts96
wrote...

Yesterday
Thank you, thank you, thank you!
jodie1
wrote...

2 hours ago
Good timing, thanks!
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