Using a sample of 100 consumers,a double-log regression model was used to estimate demand for gasoline.Standard errors of the coefficients appear in the parentheses below the coefficients. $\operatorname { Ln } \mathrm { Q } = 2.45 - 0.67 \operatorname { Ln } \mathrm { P } + .45 \operatorname { Ln } \mathrm { Y } - .34 \operatorname { Ln } \mathrm { P } _ { \text {cars } }$ $\begin{array} { l l l }( .20 ) & ( .10 ) & ( .25 ) \end{array}$ A) Gasoline is inelastic. B) Gasoline is a normal good. C) Cars and gasoline appear to be mild complements. D) The coefficient on the price of cars (P_cars)is insignificant. E) All of the coefficients are insignificant.

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The Answer of Using a sample of 100 consumers,a double-log regression model was used to estimate demand for gasoline.Standard errors of the coefficients appear in the parentheses below the coefficients. $\operatorname { Ln } \mathrm { Q } = 2.45 - 0.67 \operatorname { Ln } \mathrm { P } + .45 \operatorname { Ln } \mathrm { Y } - .34 \operatorname { Ln } \mathrm { P } _ { \text {cars } }$ $\begin{array} { l l l }( .20 ) & ( .10 ) & ( .25 ) \end{array}$ A) Gasoline is inelastic. B) Gasoline is a normal good. C) Cars and gasoline appear to be mild complements. D) The coefficient on the price of cars (P_cars)is insignificant. E) All of the coefficients are insignificant.

Using a Sample of 100 Consumers,a Double-Log Regression Model Was