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Suppose the following is an estimated log-linear demand function:

ln Q = 8.99 - 3.78 ln P - 1.77 ln M - 2.03 ln PR

All parameter estimates are significant.

Is this good a normal or an inferior good?

Is this good a complement of or substitute for the related good?

What is the price elasticity of demand for this good?

What is the income elasticity of demand for this good?

Business Management, Management Studies

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