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Reduction in income

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Suppose ETP. LLC has estimated its log-linear demand function for therapy as: Ln Therapy =80 -1.4 In P +1.2 in M+ 0.4 In Advt

Assuming each of these variables is statistically significant, how would the consumption of therapy change if you simultaneously accounted for 5% reduction in price, a 10% reduction in income and a 15% reduction in advertising?

Reference no: EM131207174

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