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Posted: **Tue Sep 07, 2021 7:53 am**

: 4 A A Two Parametric Family Of Constant Elasticity Demand Function Is Q Kp Where Q Is The Quantity Demanded And P I 1 (15.05 KiB) Viewed 74 times

4. (a) A two parametric family of constant elasticity demand function is q = kp where q is the quantity demanded and p is the price. Both k and e are parameters which depend on the under study. Transform the equation in logarithmic coordinates and explain. (b) Plot the resulting equation.