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Author Question: Which of the following algebraic forms for a demand curve yields an isoelastic demand curve? A) Q ... (Read 28 times)

rmenurse

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

F


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