Demand for Barbara Streisand CDs is equal to Qs = P2.50sI1.80P0.60c, where Qs is the number of CDs, Ps is the price of a Streisand CD, I is per capita income, and Pc is the price of a Karen Carpenter CD. Streisand and Carpenter CDs
A) are inferior goods.
B) are substitutes.
C) are complements.
D) have diminishing returns to scale.
E) are not as good as the original 8-track tapes.
Correct Answer:
Verified
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