The Elasticity of Demand for Gasoline Has Been Estimated to Be

question 72

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 preceding statements is correct.

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