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16 August, 06:58

Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Good X is

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  1. 16 August, 07:27
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    Normal Good

    Step-by-step explanation:

    A normal good is a good in which a rise in income comes with bigger increases in its quantity demanded. In the demand function, M which is the income is positive and has the highest value.

    Therefore Good X is a Normal Good.
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Home » Mathematics » Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Good X is
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