Use the following general linear demand relation:Qd = 100 - 5P + 0.004 M - 5PR where P is the price of good X, M is income, and PR is the price of a related good, R.What is the demand function when M = $50,000 and PR = $10?
A. Qd = 100 - 5P
B. Qd = 350 - 5P
C. Qd = 300 - 5P
D. Qd = 200 - 5P
E. none of the above
Answer: E
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