Top Posters
Since Sunday
s
5
g
5
K
5
o
5
g
5
o
4
k
4
s
4
I
4
k
4
j
4
o
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Satsume Satsume
wrote...
Go to Answer
Posts: 761
Rep: 0 0
6 years ago
Suppose we believe the income response for hamburger consumption is positive (normal) at low income levels but becomes negative (inferior) at high income levels.  Is the log-linear demand function a good choice for this particular product?
A) Yes, the log-linear model has an income elasticity that can be positive or negative.
B) No, the log-linear model has a constant income elasticity that cannot change with the income level.
C) No, the Engel curves for this case are vertical lines, and this behavior cannot be represented with the log-linear demand function.
D) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 58 times
1 Reply
Replies
Answer verified by a subject expert
Bart_argBart_arg
wrote...
#1
Top Poster
Posts: 570
Rep: 14 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Satsume Author
wrote...

6 years ago
Helped a lot
erimis
wrote...

Yesterday
this is exactly what I needed
megan.xo
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  778 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 228
  
 456
  
 145
Your Opinion
What's your favorite coffee beverage?
Votes: 299
Previous poll results: Where do you get your textbooks?