The demand for video recorders has been estimated to be linear and given by the demand relation Qy = 145 – 3.2Py + 7M – 0.95Pf- 39PM, where Qy is the quantity of video recorders, Pf denotes the price of video recorder film, Pm is the price of attending a movie, Py is the price of video recorders, and M is income. Based on the estimated demand equation we can conclude: Multiple Choice video recorders are normal goods. the demand for video recorders is inelastic. video recorders are normal goods and the demand for video recorders is inelastic.

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