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Based on the following regression results (Y = demand, X = price): Model Log-linear %3D %3D b1 b2 0.6652 0.9649 t = 122.98 0.0013 t = 9.69 %3D Log-lin 6.1533 t = 68.72 -20654 t 15.90 %3D Lin-log 3822 t = -13.13 t = 21.29 Linear 597.79 0.5331 t = 6.83 Where X = 10562 and F = 4346. t = 74.11 41. What is the elasticity of demand with respect to price for the Log-linear model? A. 13.7306 В. 1.2956 C. 0.9649 D. 0,8794 42. What is the elasticity of demand with respect to price for the Log-lin model when price is in average? A. 13.7306 В. 1.2956

Based on the following regression results (Y = demand, X = price): Model Log-linear %3D %3D b1 b2 0.6652 0.9649 t = 122.98 0.0013 t = 9.69 %3D Log-lin 6.1533 t = 68.72 -20654 t 15.90 %3D Lin-log 3822 t = -13.13 t = 21.29 Linear 597.79 0.5331 t = 6.83 Where X = 10562 and F = 4346. t = 74.11 41. What is the elasticity of demand with respect to price for the Log-linear model? A. 13.7306 В. 1.2956 C. 0.9649 D. 0,8794 42. What is the elasticity of demand with respect to price for the Log-lin model when price is in average? A. 13.7306 В. 1.2956

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Based on the following regression results (Y = demand, X = price): Model Log-linear %3D %3D b1 b2 0.6652 0.9649 t = 122.98 0.0013 t = 9.69 %3D Log-lin 6.1533 t = 68.72 -20654 t 15.90 %3D Lin-log 3822 t = -13.13 t = 21.29 Linear 597.79 0.5331 t = 6.83 Where X = 10562 and F = 4346. t = 74.11 41. What is the elasticity of demand with respect to price for the Log-linear model? A. 13.7306 В. 1.2956 C. 0.9649 D. 0,8794 42. What is the elasticity of demand with respect to price for the Log-lin model when price is in average? A. 13.7306 В. 1.2956 C. 0.9649 D. 0.8794 43. What is the elasticity of demand with respect to price for the Lin-log model when demand is in average? A. 13.7306 В. 1.2956 С. 0.9649 D. 0.8794
Transcribed Image Text:Based on the following regression results (Y = demand, X = price): Model Log-linear %3D %3D b1 b2 0.6652 0.9649 t = 122.98 0.0013 t = 9.69 %3D Log-lin 6.1533 t = 68.72 -20654 t 15.90 %3D Lin-log 3822 t = -13.13 t = 21.29 Linear 597.79 0.5331 t = 6.83 Where X = 10562 and F = 4346. t = 74.11 41. What is the elasticity of demand with respect to price for the Log-linear model? A. 13.7306 В. 1.2956 C. 0.9649 D. 0,8794 42. What is the elasticity of demand with respect to price for the Log-lin model when price is in average? A. 13.7306 В. 1.2956 C. 0.9649 D. 0.8794 43. What is the elasticity of demand with respect to price for the Lin-log model when demand is in average? A. 13.7306 В. 1.2956 С. 0.9649 D. 0.8794
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