The demand equation Q = .5p^-.75 is equivalent to the log-linear demand equations A)Q = ln(.5)- .75ln(p) B)ln(Q)= ln(.5)- .75ln(p) C)ln(Q)= .5 - .75ln(p) D)ln(Q)= ln(.75)- .5ln(p)

Question

Quizplus · Accepted Answer

The demand equation given in the problem is in log-linear form, which means it can be converted into the logarithmic form, i.e., ln(Q) = ln(.5) - .75ln(p). Therefore, the correct choice is B, which represents the same logarithmic form.

The Demand Equation Q =