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corie corie
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Posts: 767
6 years ago
Which of the following demand functions represents a price elasticity of demand equal to -0.33 and an income elasticity of demand equal to 0.8 at all points along the curve?
A) Q = 3 - 0.33P + 0.8I
B) Q = 4.5 - 0.33 log(P) + 0.8I
C) log(Q) = 1.34 - 0.33 log(P) + 0.8I
D) log(Q) = 2.34 - 0.33 log(P) + 0.8 log(I)
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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Posts: 463
6 years ago
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