Question: Your marketing research department estimates that thelog-linear demand function for your productisln Q d=9.31.6ln P . The standard error of the coefficient for ln P

Your marketing research department estimates that thelog-linear demand function for your productislnQd=9.31.6lnP.

The standard error of the

coefficient for ln P is 0.3 and the 95 percent confidence

interval runs from 2.2 to 1.0.

At a price of $30 the predicted price elasticity of demand is equal to

.

The 95 percent confidence

interval for the elasticity runs from

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