Consider the demand functions: A) Qd = 250 – 2P B) Qd = 300 – 3P. Whi
Consider the demand functions:
A) Qd = 250 – 2P B) Qd = 300 – 3P. Which of the demand functions reflects a higher level of consumer incomes?
A) A
B) B
C) A and B reflect the same consumer incomes.
D) More information is needed.
ANSWER
D
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