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This functions represents a demand curve with constant elasticity (- ɛ). Q = aP¯ɛ Using rules of logs rearrange this to a linear function. Which of the following best describes that linear function: A. Intercept =log a, gradient = log - ɛ B. Intercept = log a, gradient = log P C. Intercept = - ɛ, gradient = log a D. Intercept = log a, gradient = - E Select one: O A.. O B.. O . O D..

This functions represents a demand curve with constant elasticity (- ɛ). Q = aP¯ɛ Using rules of logs rearrange this to a linear function. Which of the following best describes that linear function: A. Intercept =log a, gradient = log - ɛ B. Intercept = log a, gradient = log P C. Intercept = - ɛ, gradient = log a D. Intercept = log a, gradient = - E Select one: O A.. O B.. O . O D..

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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This functions represents a demand curve with constant elasticity (- ɛ). Q = aP¯ɛ Using rules of logs rearrange this to a linear function. Which of the following best describes that linear function: A. Intercept =log a, gradient = log - E B. Intercept = log a, gradient = log P C. Intercept = - ɛ, gradient = log a D. Intercept = log a, gradient = - E Select one: O .. О В.. О . O D.. CHECK
Transcribed Image Text:This functions represents a demand curve with constant elasticity (- ɛ). Q = aP¯ɛ Using rules of logs rearrange this to a linear function. Which of the following best describes that linear function: A. Intercept =log a, gradient = log - E B. Intercept = log a, gradient = log P C. Intercept = - ɛ, gradient = log a D. Intercept = log a, gradient = - E Select one: O .. О В.. О . O D.. CHECK
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