The Demand for Good X Has Been Estimated to Be

question 105

Multiple Choice

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The own price elasticity of good X is

• A)-2.5.
• B)4.0.
• C)-2.5%.
• D)4.0%.

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