Using Excel, Big Pies Pizzas estimates the log-linear weekly demand function for their pizza to be ln Qd = 8.23 - (1.50 × ln P). If Big Pies Pizzas increases the price of their pizzas from $10 to $12, which of the following will occur?
A) The predicted quantity (Qd ^) will increase.
B) The predicted quantity (Qd ^) will increase by approximately 52.48 pizzas.
C) The predicted quantity (Qd ^) will decrease by approximately 28.39 pizzas.
D) The predicted quantity (Qd ^) will decrease by approximately 62.89 pizzas.
C) The predicted quantity (Qd ^) will decrease by approximately 28.39 pizzas.
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Which of the following phrases indicates that income is being spoken of?
a. Tuesday, at 12:30 p.m. b. July 14, 1948 c. from January 1 to March 30 d. yesterday afternoon
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a. True b. False Indicate whether the statement is true or false
"Backflows" occur when:
A. two countries send immigrants to each other in approximately equal numbers. B. physical capital flows into a country that has lost labor due to migration. C. immigrants send financial payments back to family in their country of origin. D. migrants return to their home country.