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When a Demand Curve Is Expressed in Log-Linear Form, Such

Question 72

Multiple Choice

When a demand curve is expressed in log-linear form, such as log(Q) = a - b log(P) + b2 log(P2) + c log(I) , the coefficients of the demand determinants correspond to:


A) changes in determinants other than price.
B) the elasticity values of those determinants.
C) the parameters that may fluctuate in value.
D) the independent variables in the model.

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