Suppose the demand function for cable TV service is given by QCTV = 15 - 0.25xPCTV + 0.0005xM + 0.3xPSTV, where QCTV is the quantity of cable TV demanded (thousands of households) , PCTV is the price of cable TV, M is income and PSTV is the price of satellite TV service. If consumers' income is $50,000 and the price of satellite TV service is $90, then the demand curve for cable TV would be given by
A) QCTV = 17 - 0.25xPCTV
B) QCTV = 67 - 0.25xPCTV
C) QCTV = 15 - 0.25xPCTV + 0.0005xM + 0.3xPSTV
D) QCTV = 13 - 0.25xPCTV
Correct Answer:
Verified
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