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insherro insherro
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7 years ago
Given the demand function in log-linear form: Q = 120 - 1.5P + 12ADV where Q = quantity, P = price, and ADV = advertising expenditures, what is the price elasticity?
A) 1.5, inelastic
B) -1.5, elastic
C) 120, elastic
D) 12, elastic
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Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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sofreshsofresh
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7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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4 years ago
THANKS
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3 years ago
thanks
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