Answer:
Option D.
Explanation:
The demand function for good X is
[tex]Q_x^d=10-2P_X+P_Y+M[/tex]
where, [tex]P_X[/tex] is price of good X, [tex]P_Y[/tex] is price of good Y and M is income.
It is given that the price of good X is $1, the price of good Y is $10, and income is $100.
Substitute [tex]P_X=1[/tex], [tex]P_Y=10[/tex] and M = 100 in the given function.
[tex]Q_x^d=10-2(1)+(10)+(100)[/tex]
[tex]Q_x^d=10-2+110[/tex]
[tex]Q_x^d=118[/tex]
None of the statements associated with this question are correct.
Therefore, the correct option is D.
