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Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), whe .
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殺很小 2024-5-5 06:46
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【題目】 Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), where Q=quantity, P=price, I=income, and a, b, and c are positive constants. The income and price elasticities for the demand curve represented above are always equal to zero. equal to one. equal(i.e., income elasticity always equals price elasticity). constant.
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個人分類: 答題系列|112 次閱讀|0 個評論
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Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), whe .
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x226941981 2022-1-1 08:25
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【題目】 Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), where Q=quantity, P=price, I=income, and a, b, and c are positive constants. The income and price elasticities for the demand curve represented above are always constant. ------答案 equal to zero. equal(i.e., income elasticity always equals price elasticity). equal to one.
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242 次閱讀|0 個評論
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