{"id":1014,"date":"2017-10-20T09:55:18","date_gmt":"2017-10-20T03:55:18","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-curve-for-good-x\/"},"modified":"2017-10-20T09:55:18","modified_gmt":"2017-10-20T03:55:18","slug":"the-demand-for-good-x-is-estimated-to-curve-for-good-x","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-estimated-to-curve-for-good-x\/","title":{"rendered":"The demand for good X is estimated to &#8230; curve for good X?"},"content":{"rendered":"<div class=\"tb f769\"><span class=\"tx\">The demand for good X is estimated to be Q<\/span><span class=\"tx\">X<\/span><span class=\"tx\">d<\/span><span class=\"tx\">\u00a0= 10,000 &#8211; 4P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0+ 5P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0+ 2M + A<\/span><span class=\"tx\">X\u00a0<\/span><span class=\"tx\">where P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0is the price of X, P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0is the price of good Y, M is income and A<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0is the amount of<\/span><span class=\"tx\">advertising on X. Suppose the present price of good X is $50, P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0= $100, M = $25,000, and<\/span><span class=\"tx\">A<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0= 1,000 units. What is the demand curve for good X?<\/span><\/div>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-1014","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<span class=\"tx\">The demand for good X is estimated to be Q<\/span><span class=\"tx\">X<\/span><span class=\"tx\">d<\/span><span class=\"tx\">\u00a0= 10,000 - 4P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0+ 5P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0+ 2M + A<\/span><span class=\"tx\">X\u00a0<\/span><span class=\"tx\">where P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0is the price of X, P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0is the price of good Y, M is income and A<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0is the amount of<\/span><span class=\"tx\">advertising on X. Suppose the present price of good X is $50, P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0= $100, M = $25,000, and<\/span><span class=\"tx\">A<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0= 1,000 units.The demand curve for good X is\u00a0 61,500 - 4PX.<\/span>","mcq_options":[{"right":"no","answer":" 61,500"},{"right":"no","answer":" 61,300"},{"right":"no","answer":" 61,300 - 4PX"},{"right":"yes","answer":" 61,500 - 4PX"}],"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\/1014","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=1014"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1014"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1014"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}