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Suppose the Demand Function Is Given by Q_x^d = 8P_x⁰

Question 138

Multiple Choice

Suppose the demand function is given by Q_x^d = 8P_x^0.5 P_y^0.25 M^0.12 H.Then the demand for good x is:

A) inelastic.
B) unitary.
C) elastic.
D) perfectly elastic.

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