{"id":1038,"date":"2017-10-15T21:20:46","date_gmt":"2017-10-15T15:20:46","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-demand-is-given-by-qx-d-50-4px-6py-ax-where-elasticity-of-demand-for-good-x\/"},"modified":"2017-10-15T21:20:46","modified_gmt":"2017-10-15T15:20:46","slug":"suppose-demand-is-given-by-qx-d-50-4px-6py-ax-where-elasticity-of-demand-for-good-x","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-demand-is-given-by-qx-d-50-4px-6py-ax-where-elasticity-of-demand-for-good-x\/","title":{"rendered":"Suppose demand is given by QX d = 50 &#8211; 4PX + 6PY + AX, where &#8230; elasticity of demand for good X?"},"content":{"rendered":"<p>Suppose demand is given by QX d = 50 &#8211; 4PX + 6PY + AX, where PX = $4, PY = $2, and AX = $50. What is the advertising elasticity of demand for good X?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-1038","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<div class=\"tb f769\"><span class=\"tx\">Suppose demand is given by Q<\/span><span class=\"tx\">X<\/span><span class=\"tx\">d<\/span><span class=\"tx\">\u00a0= 50 - 4P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0+ 6P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0+ A<\/span><span class=\"tx\">X<\/span><span class=\"tx\">, where P<\/span><span class=\"tx\">X<\/span><span class=\"tx\">\u00a0= $4, P<\/span><span class=\"tx\">Y<\/span><span class=\"tx\">\u00a0= $2, and A<\/span><span class=\"tx\">X<\/span> <span class=\"tx\">= $50. What is the advertising elasticity of demand for good X?ans:0.52 .<\/span><\/div>","mcq_options":[{"right":"no","answer":"1.12"},{"right":"no","answer":"0.38"},{"right":"no","answer":"1.92 "},{"right":"yes","answer":"0.52 "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1038"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1038"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1038"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1038"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}