refer to the following:
The estimated demand for a good is

where Q is the quantity demanded of the good, P is the price of the good, M is income, and is the price of related good R.
-The coefficient on P
A) violates the law of demand.
B) is negative as dictated by the law of demand.
C) should not be greater than one (in absolute value).
D) should have the same sign as the coefficient on
E) both c and d

Question

refer to the following:
The estimated demand for a good is
  
where Q is the quantity demanded of the good, P is the price of the good, M is income, and  is the price of related good R.
-The coefficient on P
A) violates the law of demand. 
B) is negative as dictated by the law of demand. 
C) should not be greater than one (in absolute value). 
D) should have the same sign as the coefficient on 
E) both c and d

Quizplus · Accepted Answer

The Answer of refer to the following:
The estimated demand for a good is
  
where Q is the quantity demanded of the good, P is the price of the good, M is income, and  is the price of related good R.
-The coefficient on P
A) violates the law of demand. 
B) is negative as dictated by the law of demand. 
C) should not be greater than one (in absolute value). 
D) should have the same sign as the coefficient on 
E) both c and d

Refer to the Following