The demand for video recorders has been estimated to be QV = 134 - 1.07PF + 46PM -2.1PV - 5I, where QV is the quantity of video recorders, PF denotes the price of video recorder film, PM is the price of attending a movie, PV is the price of video recorders, and I is income. Based on the estimated demand equation we can conclude:

video recorders are inferior goods.
	video recorder film is a substitute for video recorders.
	the demand for video recorders is inelastic.
	the demand for video recorders is neither inferior nor inelastic, and video recorder film is not a substitute for video recorders.

Answer rating: 100% (QA)

Answer Video recorders are inferior goods The demand for video recorders has been estimated to be QV ... View the full answer