Question: 5. Exercise 4.5 General Cereals is using a regression model to estimate the demand for Tweetie Sweeties, a whistle-shaped, sugar-coated brea children. The following (multiplicative

5. Exercise 4.5 General Cereals is using a regression model to estimate the demand for Tweetie Sweeties, a whistle-shaped, sugar-coated brea children. The following (multiplicative exponential) demand function is being used: QD = 6,280 P(-1.35) A105 NV 3.70 where QD = quantity demanded, in 10-oz boxes P = price per box, in dollars A = advertising expenditures on daytime television, in dollars N = proportion of the population under 12 years old, in percent What is the point price elasticity of demand for Tweetie Sweeties? -1.35 -1.29

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