By the law of demand find the value of beta


Suppose the demand for good x is given by Qxd= A + βxPx + βyPy + βMM. By the law of demand, the value of βx must be:

a. between zero and one.
b. greater than one.
c. negative.
d. less than negative one.
e. between zero and negative one.

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Microeconomics: By the law of demand find the value of beta
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