The estimated demand for a good is Q = 4,800 – 16P – 0.65M – 1.5Pr where Q is the quantity demanded of the good, P is the price of the good, M is…

Q = 4,800 – 16P – 0.65M – 1.5Pr where 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.14. This good and good R are a. Complements since the coefficient on M is negative.b. Substitutes since the coefficient on M is negative.c. Complements since the coefficient on Pr is negative.d. Substitutes since the coefficient on Pr is negative.e. None of the above.

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