The demand for hamburgers is estimated from this theoretical model:
Q = kP^aI^bA^ce,
where Q = units per day,P = price per unit,A = advertising budget per month by sellers,I = per capita income of consumers,and e = random error.In a recent study,one researcher estimated the log-linear form of this equation with regression analysis as:
log Q = 2.5 - 0.33log P + 0.15log I + 0.2log A.
Explain what the coefficients of log P,log I,and log A reveal about this product.

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The Answer of The demand for hamburgers is estimated from this theoretical model: Q = kP^aI^bA^ce, where Q = units per day,P = price per unit,A = advertising budget per month by sellers,I = per capita income of consumers,and e = random error.In a recent study,one researcher estimated the log-linear form of this equation with regression analysis as: log Q = 2.5 - 0.33log P + 0.15log I + 0.2log A. Explain what the coefficients of log P,log I,and log A reveal about this product.

The Demand for Hamburgers Is Estimated from This Theoretical Model