The manager of a monopoly firm obtained the following estimate of the demand for its product.
where M and
are, respectively, consumer income and the price of a related good. The forecasted values for M and
are M = $30,000 and
= $5.
-What is the forecasted demand function?

Question

The manager of a monopoly firm obtained the following estimate of the demand for its product.
  where M and
  are, respectively, consumer income and the price of a related good. The forecasted values for M and
  are M = $30,000 and
  = $5.
-What is the forecasted demand function?

Quizplus · Accepted Answer

The Answer of The manager of a monopoly firm obtained the following estimate of the demand for its product.
  where M and
  are, respectively, consumer income and the price of a related good. The forecasted values for M and
  are M = $30,000 and
  = $5.
-What is the forecasted demand function?

The Manager of a Monopoly Firm Obtained the Following Estimate