When a demand curve is expressed in log-linear form, such as log(Q) = a - b log(P) + b2 log(P2) + c log(I), the coefficients of the demand determinants correspond to:
A. changes in determinants other than price.
B. the parameters that may fluctuate in value.
C. the independent variables in the model.
D. the elasticity values of those determinants.
D. the elasticity values of those determinants.
Economics
You might also like to view...
When you buy a taco for breakfast, you are using money as a
A) store of value. B) standard of deferred payment. C) medium of exchange. D) unit of accounting.
Economics
In the early 1960s, monetary theory rather than Keynesian theory dominated economics
a. True b. False Indicate whether the statement is true or false
Economics