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Demand Functions in the Multiplicative Form Are Most Common for All

Question 3

Multiple Choice

Demand functions in the multiplicative form are most common for all of the following reasons except:


A) elasticities are constant over a range of data
B) ease of estimation of elasticities
C) exponents of parameters are the elasticities of those variables
D) marginal impact of a unit change in an individual variable is constant
E) c and d

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