Which of the Following Is a Linear Demand Function

question 119

Multiple Choice

Which of the following is a linear demand function?

• A) Q_x^d = α₀ + α_XP_X + α_YP_Y + α_MM + α_HH.
• B) Q_x^d = αP_X^αX P_Y^αY M^αM H^αH.
• C) Q_x^d = α₀ + α_XP_X² + α_YP_Y² + α_MM² + α_MH².
• D) Q_x^d = α + α_X log P_X + α_Y log P_Y + α_M log M + α_M log H.

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Definitions:

Fairly Happy

This term describes a moderate level of contentment or satisfaction with life or specific aspects of one's experiences.

Affiliation

The connection or association with a group or an organization.

Sociological

Relating to sociology, which is the study of the development, structure, and functioning of human society.

Psychosocial

Pertaining to the influence of social factors and individual psychological aspects on human development and behavior.