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07-02-2024
Business

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You have a business in a college town that bakes cakes for special occasions (like birthdays) and delivers them to college students in their dorms and apartments. It's very popular with parents of out-of-state students who cannot be there to celebrate with their kids. You know for certain that your good is a normal good, not an inferior good. Which of the following is most likely the demand function for your cake-delivery service?
a) Q_(Demanded) =200−4P+0.2I
b) Q_(Demanded) =150−3P+0.5I
c) Q_(Demanded) =180−2P+0.8I
d) Q_(Demanded) =220−5P+0.3I

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