日誌
A simple linear demand function may be stated as Q = a - bP + cI where Q is quan
熱度 8
A simple linear demand function may be stated as Q = a - bP +cI where Q is quantity demanded, P is the product price, and I is consumerincome. To compute an appropriate value for c, we can use observed values for Q and I and then setthe estimated income elasticity of demand equal to:
c(I/Q)
c(Q/I)
-b(I/Q)
Q/(cI)
答案: c(I/Q)
全部作者的其他最新日誌
- • Bonds that have an option exercisable by the issuer to retire them at a stated d
- • A multitasking operating system developed in the early 1970s at Bell Laboratorie
- • 2020-02-21
- • Under which of the following conditions would the interdiction of illegal drugs
- • Nick can purchase each milkshake for $2. For the first milkshake purchased Nick
- • A decrease in the supply