If D Is Demand, P Is the Unit Price, and C

question 27

Multiple Choice

If D is demand, P is the unit price, and c and d are constants (where d > 0 is the price elasticity) , which of the following is a nonlinear demand prediction model?

• A)D = d + (c × P)
• B)D = (d × P)ᶜ
• C)D = cᵈ × P
• D)D = cP⁻ᵈ

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