Author Question: Changes in prices of a good causes a. Movement along the demand curve b. Movement along the supply ... (Read 63 times)

james0929 · **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