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Author Question: Changes in prices of a good causes a. Movement along the demand curve b. Movement along the supply ... (Read 108 times)

james0929

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on: Jul 1, 2018
Changes in prices of a good causes
 a. Movement along the demand curve
  b. Movement along the supply curve
  c. No effect to either curve
  d. Both a and b

Question 2

Appendix: When using a multiplicative power function (Y = a X1b1X2b2X3b3) to represent an economic relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be obtained by first applying a ____ transformation to convert the function to a linear relationship.
 a. semilogarithmic
  b. double-logarithmic
  c. reciprocal
  d. polynomial
  e. cubic


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debra928

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

d

Answer to Question 2

b


james0929

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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