Question: Use the following general linear demand relation to answer the next question: Qd = 1 0 0 - 5 P + 0 . 0 0

Use the following general linear demand relation to answer the next question:
Qd =100-5P +0.004M -5PR, where P is the price of good X, M is income and PR is the price of a related good, R.
What is the demand function when M = $40,000 and PR = $20?Use the following general linear demand relation to answer the next question:
Qd =100-5P +0.004M -5PR, where P is the price of good X, M is income and PR is the price of a related good, R.
What is the demand function when M = $40,000 and PR = $20?

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