Use the following general linear demand function below: Qd = a + bP + cM + dPRwhereQd = quantity demanded, P = the price of the good, M = income, PR = the price of a good related in consumption.For the general linear demand function given above
A. d is the effect on the quantity demanded of the good of a one-dollar change in the price of the related good, all other things constant.
B. b is the effect on the quantity demanded of the good of a one-dollar change in the price of the good, all other things constant.
C. ?Qd / ?M = c.
D. all of the above
Answer: D
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