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Which of the Following Algebraic Forms for a Demand Curve

Question 78

Multiple Choice

Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?

A) Q = a - b log(P) + c log(I)
B) Q = a - bP + cI
C) log(Q) = a - b log(P) + c log(I)
D) log(Q) = bP + cI

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