Question
Offered Price $4.00

MICROECON 0001 - The demand for some good

Question # 00510800
Subject: Economics
Due on: 04/12/2017
Posted On: 04/12/2017 06:34 AM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
90925
Tutorials:
90956
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

The demand for some good x is estimated to be:

ln(Qx) = 10 - 4ln(Px) + 4ln(M)

where Qx and Px are the quantity and price of good x and M is income. What impact does an increase in income(M) have on the equilibrium price and quantity of good x?(Increase, decrease, uncertain). Explain.

Tags good demand 0001 microecon good quantity price incomem equilibrium decrease explain uncertain increase xincrease income lnqx estimated 4lnpx 4lnm impact demand does

Tutorials for this Question
Available for
$4.00

MICROECON 0001 - The demand for some good

Tutorial # 00507635
Posted On: 04/12/2017 06:34 AM
Posted By:
Best Tutors for school students, college students dr.tony
Expert tutors with experiences and qualities
Questions:
90925
Tutorials:
90956
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …MICROECON xxxx -…
Attachments
MICROECON_0001_-_The_demand_for_some_good.ZIP (18.96 KB)
Preview not available.
Purchase this Tutorial @ $4.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...