The Elasticity of Demand for Gasoline Has Been Estimated to Be

question 59

Multiple Choice

The elasticity of demand for gasoline has been estimated to be 2.0, and the standard error is 1.0.The upper and lower bounds on the 95 percent confidence interval for the elasticity of demand for gasoline are

• A)3 and 2.
• B)2 and 1.
• C)3 and 1.
• D)none of the statements associated with this question are correct.