The estimated demand for good

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The estimated demand for a good is Q=25-5P +0.32M+12P where Q is the quantity demanded of the good , Pr is the price of the good, M is income, and Pr is the price of related good R.

The coefficient on P is?

The good is?

This good and related good R are?

If income decreases by $1000, all else constant, quantity demanded will_______ by __________

If the price of the good falls by $4, the quantity demanded will_____ by _______units.

Reference no: EM131094522

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