Suppose the demand function for cable TV service is given by Q_CTV = 15 - 0.25 × P_CTV + 0.0005 × M + 0.3 × P_STV,Q_CTV is the quantity of cable TV demanded (thousands of households),P_CTV is the price of cable TV,M is income and P_STV is the price of satellite TV service.Suppose consumers' income is $50,000 and the price of satellite TV service is $90.At what price would the demand for cable TV services be equal to 55,000 households? A) $67 B) $48 C) $12 D) There is not enough information to answer the question.

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The Answer of Suppose the demand function for cable TV service is given by Q_CTV = 15 - 0.25 × P_CTV + 0.0005 × M + 0.3 × P_STV,Q_CTV is the quantity of cable TV demanded (thousands of households),P_CTV is the price of cable TV,M is income and P_STV is the price of satellite TV service.Suppose consumers' income is $50,000 and the price of satellite TV service is $90.At what price would the demand for cable TV services be equal to 55,000 households? A) $67 B) $48 C) $12 D) There is not enough information to answer the question.

Suppose the Demand Function for Cable TV Service Is Given