Demand Function | MCQs

    Q1: If demand function for good X is given by X^D = 1500-1.3P,-1.8P + 2M then we know that?

    • A. Goods X and Y are complements to each other
    • B. Income Elasticity of X is -2
    • C. Goods X and Y are substitute to each other
    • D. Own price elasticity is -1.3
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