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Demand for Barbara Streisand CDs Is Equal to Qs =

Question 86

Multiple Choice

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.

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