The demand for cable television hookups is Q = 100

Question

The demand for cable television hookups is Q = 100 - 10P^0.5 + 2I², where P is price and I is per capita income. Cable TV is

Quizplus · Accepted Answer

The demand function shows that as per capita income (I) increases, the quantity demanded of cable television hookups (Q) increases at a given price (P). This indicates that cable television is a normal good, which is a good where quantity demanded increases as income increases.