Eco multiple choice questions | Economics homework help

  Question 3 Consider the following linear demand function where QD = quantity demanded; P = selling price. QD = 60 – 4P The price elasticity of demand associated with P=10  −4.00  −2.00  –1.33  –0.67 Question 4 A simple linear regression function, Y = 20 − 0.05X, where Y denotes the sales of gas (x 1,000 gallons) and X denotes the …

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