ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Say, Proton estimated the following demand equation for its new car model- Hang Jebat 1.5, using data from 42 car sales centers around the Klang valley for the month of October, 2023.
Calculate the elasticity for Y, A and M and briefly comment on what information this gives you in each case.
(PS: Please help to write the answer straight forward and simple)
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