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The Demand for Good X Has Been Estimated to Be

Question 3

Multiple Choice

The demand for good X has been estimated to be lnQ_x^d = 0 - 2.5 lnP_X + 4 lnP_Y + lnM.The advertising elasticity of good X is

A) 4.0.
B) 1.0.
C) 0.0.
D) -2.5.

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