The empirical demand function is estimated in log-linear form as where is the estimated number of units of good X demanded, P is the price of X, M is income, and is the price of related good Y. (All parameters estimates are significantly different from zero at the 5 percent level.)
-At P = $3.55, M = $25,035, and P_V = $5.07, the predicted quantity demanded is _________ units of good X.

Question

The empirical demand function is estimated in log-linear form as

where

is the estimated number of units of good X demanded, P is the price of X, M is income, and The empirical demand function is estimated in log-linear form as where is the estimated number of units of good X demanded, P is the price of X, M is income, and is the price of related good Y. (All parameters estimates are significantly different from zero at the 5 percent level.) -At P = $3.55, M = $25,035, and P<sub>V</sub> = $5.07, the predicted quantity demanded is _________ units of good X.

is the price of related good Y. (All parameters estimates are significantly different from zero at the 5 percent level.)
-At P = $3.55, M = $25,035, and P_V = $5.07, the predicted quantity demanded is _________ units of good X.

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The Answer of The empirical demand function is estimated in log-linear form as where is the estimated number of units of good X demanded, P is the price of X, M is income, and is the price of related good Y. (All parameters estimates are significantly different from zero at the 5 percent level.) -At P = $3.55, M = $25,035, and P_V = $5.07, the predicted quantity demanded is _________ units of good X.

The Empirical Demand Function Is Estimated in Log-Linear Form as