The Demand for Good X Has Been Estimated to Be

question 113

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 cross price elasticity of demand between goods X and Y is

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