2. Let the price elasticity of demand for a soft drink be – 2. In the year 2020, the per capitaconsu
問題詳情
2. Let the price elasticity of demand for a soft drink be – 2. In the year 2020, the per capitaconsumption of soft drinks was about 500 cans per person, and the average price was $1.00 percan. If we suppose that demand for the soft drink is linear,
, where a and b areconstants,
is quantity demanded and P is price, an estimate of the demand equation could be: (A)