3 Questions
By how much does the demand for X increase if the price of good Y increases by $2?
6
If the price of good X decreases by $5, what happens to the demand for X?
It increases by 2
What happens to the demand for X if income increases by $20,000?
It decreases by 20
Test your knowledge on the impact of advertising on demand with this quiz! Specifically, this quiz focuses on how a change in advertising on good X (as represented in the demand function) affects the quantity demanded of X. Sharpen your analytical skills and see if you can predict the direction of the change in demand when advertising expenditures increase by $10,000.
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