The estimated demand for a good is
= 4800 - 16P - 0.65M - 1.5PRwhere Q is the quantity demanded of the good, P is the price of the good, M is income, and PR is the price of related good R. If the price of the good rises by $10, all else constant, the quantity demanded will ________ by ________ units.
A. increase; 16 units
B. decrease; 160 units
C. increase; 150 units
D. decrease; 1.5 units
Answer: B
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