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Good X Is a Normal Good and Its Demand Is

Question 42

Multiple Choice

Good X is a normal good and its demand is given by Qxd = α0 + αXPX + αYPY + αMM + αHH. Then we know that


A) αH > 0.
B) αX > 0.
C) αY > 0.
D) αM > 0.

Correct Answer:

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