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The Demand for Good X Has Been Estimated to Be

Question 113

Multiple Choice

The demand for good X has been estimated to be lnQxd = 100 - 2.5 lnPX + 4 lnPY + lnM.The cross price elasticity of demand between goods X and Y is


A) -2.5.
B) 4.0.
C) -2.5%.
D) 4.0%.

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