The estimated demand for a good X is ,where
= units of the good,P = price of the good,M = income,and
= price of related good Z.All parameter estimates are statistically significant.Which of the following statements is correct?
A) X is a normal good.
B) X is an inferior good.
C) X and Z are substitutes.
D) X and Z are complements.
E) both b and c
Correct Answer:
Verified
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