Use the following general linear demand function below:
where Qd = quantity demanded,P = the price of the good,M = income,
= the price of a good related in consumption.The law of demand requires that
A) a < 0.
B) b < 0.
C) P < 0.
D) a < 0 and b < 0.
E) b < 0 and P < 0.
Correct Answer:
Verified
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