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    Managerial Economics and Business Strategy Study Set 1
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    Exam 3: Quantitative Demand Analysis
  5. Question
    If the Demand for a Product Is Q <Sub>x</sub><sup>d</sup> =
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If the Demand for a Product Is Q xd =

Question 48

Question 48

Multiple Choice

If the demand for a product is Q xd = 10 − ln Px, then product x is:


A) elastic.
B) inelastic.
C) unitary elastic.
D) Cannot be determined without more information.

Correct Answer:

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