Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lcard044 lcard044
wrote...
Go to Answer
Posts: 145
Rep: 0 0
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:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
mrivas57mrivas57
wrote...
#1
Posts: 143
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lcard044 Author
wrote...

2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
amandamraz
wrote...

Yesterday
Good timing, thanks!
kobbhy
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1333 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 359
  
 343
  
 349
Your Opinion
Who's your favorite biologist?
Votes: 608
Previous poll results: What's your favorite coffee beverage?