An economic consultant for X Corp. recently provided the firm’s marketing manager with this estimate of the demand function for the firm’s product: where Qxd represents the amount consumed of good X, Px is the price of good X, Py is the price of good Y, M is income, and Ax represents the amount of advertising spent on good X. Suppose good X sells for ₹200 per unit, good Y sells for₹15 per unit, the company utilizes 2,000 units of advertising, and consumer income is ₹10,000. How much of good X do consumers purchase? Are goods X and Y substitutes or complements? Is good X a normal or an inferior good?
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Answer:
10000000
Explanation:
10000000 dghfdgddgyduuuu
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