Refer to the table below. If the price of your good is $2, the price of the related good is $4, and the average income of consumers is $52,000, the predicted demand for your product is ________.

The demand for your product demands on three factors; the price of your good, the price of a related good, and the average income of your customers. Excel estimated the above linear demand for your product.

A) 7,896.42

B) 12,598.56

C) 20,598.32

D) 15,757.96

ANSWER:

D) 15,757.96