The elasticity of demand for gasoline has been estimated to be 2.0, and the standard error is 1.0.The upper and lower bounds on the 95 percent confidence interval for the elasticity of demand for gasoline are
A)3 and 2.
B)2 and 1.
C)3 and 1.
D)none of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

The Answer of The elasticity of demand for gasoline has been estimated to be 2.0, and the standard error is 1.0.The upper and lower bounds on the 95 percent confidence interval for the elasticity of demand for gasoline are
A)3 and 2.
B)2 and 1.
C)3 and 1.
D)none of the statements associated with this question are correct.

The Elasticity of Demand for Gasoline Has Been Estimated to Be