{"id":1008,"date":"2017-10-20T10:19:11","date_gmt":"2017-10-20T04:19:11","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-be-of-good-x-is\/"},"modified":"2017-10-20T10:19:11","modified_gmt":"2017-10-20T04:19:11","slug":"the-demand-for-good-x-is-estimated-to-be-of-good-x-is","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-be-of-good-x-is\/","title":{"rendered":"The demand for good X is estimated to be &#8230;.of good X is"},"content":{"rendered":"<p>The demand for good X is estimated to be QX d = 10, 000 &#8211; 4PX + 5PY + 2M + AX, where PX is the price of X, PY is the price of good Y, M is income and AX is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. Based on this information, the income elasticity of good X is<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-1008","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"The demand for good X is estimated to be QX d = 10, 000 - 4PX + 5PY + 2M + AX, where PX is the price of X, PY is the price of good Y, M is income and AX is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. Based on this information, the income elasticity of good X is\u00a00.82.","mcq_options":[{"right":"no","answer":" 0.008"},{"right":"no","answer":" 0.082"},{"right":"yes","answer":"0.82"},{"right":"no","answer":" 8.2"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1008"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1008"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1008"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}