Which of the following algebraic forms for a demand curve yields an isoelastic demand curve? A) Q ...

Author Question: Which of the following algebraic forms for a demand curve yields an isoelastic demand curve? A) Q ... (Read 68 times)

rmenurse

Hero Member
Posts: 513

on: Jul 1, 2018

Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?

A) Q = a - b log(P) + c log(I)
B) Q = a - bP + cI
C) log(Q) = a - b log(P) + c log(I)
D) log(Q) = bP + cI

Question 2

The official poverty measurements include a family's in-kind income.

Indicate whether the statement is true or false

lkanara2

Sr. Member
Posts: 329

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

F

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