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Own price elasticity of good

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Reference no: EM131294743

The demand for good X has been estimated to be ln Qxd = 100 - 4.2 ln PX + 5.5 ln PY + ln M. The own price elasticity of good X is:

a)- 4.2.

b) 4.2.

c)- 5.5.

d) There is insufficient information needed to find the elasticity of good X.

Reference no: EM131294743

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