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If Demand Is Estimated Using the Empirical Specification lnQ=lna+blnP+clnM+dlnPR\ln Q = \ln a + b \ln P + c \ln M + d \ln P _ { R }

Question 29

Multiple Choice

If demand is estimated using the empirical specification lnQ=lna+blnP+clnM+dlnPR\ln Q = \ln a + b \ln P + c \ln M + d \ln P _ { R } ,then an equivalent expression for demand is


A) lnQ=a+bP+cM+dPR\ln Q = a + b P + c M + d P _ { R } .
B) Q=a+bP+cM+dPRQ = a + b P + c M + d P _ { R } .
C) Q=ea+bP+cM+dPRQ = e ^ { a } + b P + c M + d P _ { R } .
D) Q=abPcMdPRQ = a b P c M d P _ { R } .
E) none of the above

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