{"id":980,"date":"2017-10-20T21:21:08","date_gmt":"2017-10-20T15:21:08","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-given-by-lnqx-d-statements-is-correct\/"},"modified":"2017-10-20T21:21:08","modified_gmt":"2017-10-20T15:21:08","slug":"the-demand-for-good-x-is-given-by-lnqx-d-statements-is-correct","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-demand-for-good-x-is-given-by-lnqx-d-statements-is-correct\/","title":{"rendered":"The demand for good X is given by lnQX d&#8230;statements is correct?"},"content":{"rendered":"<p>The demand for good X is given by lnQX d = 120 &#8211; 0.9 lnPX + 1.5 lnPY &#8211; 0.7 lnM. Which of the following statements is correct?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-980","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"The demand for good X is given by lnQX d = 120 - 0.9 lnPX + 1.5 lnPY - 0.7 lnM. the following statements correct is\u00a0X has constant income elasticity.","mcq_options":[{"right":"yes","answer":"X has constant income elasticity"},{"right":"no","answer":"An economic downturn will increase demand for X"},{"right":"no","answer":" A 15% increase in income would increase demand for X by 10.5%"},{"right":"no","answer":" X has a constant income elasticity and an economic downturn will increase the demand for X"}],"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\/980","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=980"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=980"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=980"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}