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Te demand for video recorders has been estimated to be qv

The demand for video recorders has been estimated to be Q_v = 134 - 1.07P_f + 46P_m - 2.1P_v - 5I, where Q_v is the quantity of video recorders, P_f denotes the price of video recorder film, P_m is the price of attending a movie, P_v is the price of video recorders, and I is income. Based on the estimated demand equation we can conclude:

a. the demand for video recorders is inelastic.

b. the demand for video recorders is neither inferior nor inelastic, and video recorder film is not a substitute for video recorders.

c. video recorders are inferior goods.

d. video recorder film is a substitute for video recorders.

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Business Management: Te demand for video recorders has been estimated to be qv

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