{"id":1010,"date":"2017-10-20T10:14:38","date_gmt":"2017-10-20T04:14:38","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-be-qx-d-10-000-4px-5py-2m-ax-where-px-is-the-price-of-x-goods-x-and-y-is\/"},"modified":"2017-10-20T10:14:38","modified_gmt":"2017-10-20T04:14:38","slug":"the-demand-for-good-x-is-estimated-to-be-qx-d-10-000-4px-5py-2m-ax-where-px-is-the-price-of-x-goods-x-and-y-is","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-be-qx-d-10-000-4px-5py-2m-ax-where-px-is-the-price-of-x-goods-x-and-y-is\/","title":{"rendered":"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 &#8230; goods X and Y 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 cross-price elasticity between goods X and Y is?<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-1010","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 cross price elasticity between goods X and Y is\u00a0 0.008.","mcq_options":[{"right":"yes","answer":"0.008"},{"right":"no","answer":"-0.08"},{"right":"no","answer":"-0.8"},{"right":"no","answer":"-8"}],"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\/1010","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1010"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1010"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1010"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}