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If D Is Demand, P Is the Unit Price, and C

Question 48

Multiple Choice

If D is demand, P is the unit price, and c and d are constants (where d > 0 is the price elasticity) , which of the following is a nonlinear demand prediction model?


A) D = d + (c × P)
B) D = (d × P) c
C) D = cd × P
D) D = cP-d

Correct Answer:

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