Refer to the table below. If the price of your good is $8, the price of the related good is $5, and the average income of consumers is $25,000, the predicted demand for your product is ________.
The demand for your product demands on three factors; the price of your good, the price of a related good, and the average income of your customers. Excel estimated the above linear demand for your product.
A) 8,643.22 B) 5,824.89 C) 5,234.33 D) 7,623.44
D) 7,623.44
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