Q d =680-9P x -6I+4P y where Q d =quantity of good X demanded, P x =price
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Question:
Qd=680-9Px-6I+4Py
where Qd=quantity of good X demanded, Px=price of good X, I=Income, and Py=price of related good Y. From the demand function, it is apparent that good X is:
I. a normal good
II. an inferior good
III. a substitute for good Y
IV. a complement with good Y
a. II only
b. both I and III
c. both I and IV
d. both II and III
e. both II and IV
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