Multiple Choice
Using a sample of 100 consumers,a double-log regression model was used to estimate demand for gasoline.Standard errors of the coefficients appear in the parentheses below the coefficients.
A) Gasoline is inelastic.
B) Gasoline is a normal good.
C) Cars and gasoline appear to be mild complements.
D) The coefficient on the price of cars (Pcars) is insignificant.
E) All of the coefficients are insignificant.
Correct Answer:

Verified
Correct Answer:
Verified
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