Estimated Demand for a Good Is Where Q Is

question 16

Multiple Choice

estimated demand for a good is where Q is the quantity demanded of the good,P is the price of the good,M is income,and is the price of related good R.The coefficient on P

• A)does not have the expected sign.
• B)is negative as expected.
• C)should have the same sign as the coefficient on .
• D)should not be greater than one in absolute value).
• E)both b and d

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