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Question: suppose that the sales function for a product a has...

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suppose that the sales function for a product A has been estimated as identify all changes

1 9SPR-ECON2000-0여, Eng EconomicS ineering Question 1 Not yet asswered Marked out of as,oo P Flag pestion Suppose that the sales function for a product A has been estimated as: QL=7-1 . 6PL-2Pct.8 Pst. 0005Y+0004A Where, Qu is the quantity of product L demanded, in thousand per month. Pu is the price of product L, which is currently $15 Pa is the price of product C, which is curenty $25 Ps is the price of product 5, which is curenty s20, Y is the level of per capita income, which is currently $20,000, and A is monthly advertising, which is currently $15,000. Identify all changes in the sales function for L that would cause an increase in the demand for L Select one: o a. Fall in Pc and rise in Ps. Y and A o b. a. Fall in Ps and Y, and rise in Pc and A. o c. Fall in Pc and A, and rise in Ps and Y o d. Fall in Ps Y and A, and rise in Pc Next page - Financial Statements Jump to..
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