Assume the following log-linear supply function for coffee beans: ln Q s = 20 + 1.5 ln
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Assume the following log-linear supply function for coffee beans:
ln Qs = 20 + 1.5 ln P +4.6 Ln T + 2.6 ln F where P is the price of coffee beans, T is technology and F is the number of coffee bean growers. If the number of growers increases by 10%, by how much will coffee supply increase?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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