{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-12T10:17:25-04:00", "answer_date": "2024-06-12 10:17:25", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2793838", "url": "\/study-help\/questions\/14-625-pts-a-foreignbased-liquor-company-has-estimated-the-2793838", "question_creation_date_js": "2024-06-12T10:17:25-04:00", "question_creation_date": "Jun 12, 2024 10:17 AM", "meta_title": "[Solved] 14 6.25 pts A foreign-based liquor compan | SolutionInn", "meta_description": "Answer of - 14 6.25 pts A foreign-based liquor company has estimated the following equation for its demand in South Florida: Deman | SolutionInn", "meta_keywords": "14,6.25,pts,foreign-based,liquor,company,estimated,equation,demand,south,florida,3.6", "question_title_h1": "14 6.25 pts A foreign-based liquor company has estimated the following equation for its demand in South Florida: Demand = 3.6 - 2.8 Price +", "question_title": "14 6.25 pts A foreign-based liquor company has estimated the following equation", "question_title_for_js_snippet": "14 6 25 pts A foreign based liquor company has estimated the following equation for its demand in South Florida Demand 3 6 2 8 Price 6 3 Other Variables Where demand is in millions of bottles and price is in the US dollars Over the last three years, on the average the company's demand and price in South Florida have been, respectively, 22 million bottles and $12 60 The price elasticity of this company's liquor in South Florida is O 1 6 O 4 9 O None of the answers in this question are correct O 2 8 O 5 4", "question_description": "14 6.25 pts A foreign-based liquor company has estimated the following equation for its demand in South Florida: Demand = 3.6 - 2.8 Price + 6.3 Other Variables Where demand is in millions of bottles and price is in the US dollars. Over the last three years, on the average the company's demand and price in South Florida have been, respectively, 22 million bottles and $12.60. The price elasticity of this company's liquor in South Florida is: O -1.6 O -4.9 O None of the answers in this question are correct. O - 2.8 O -5.4", "transcribed_text": "", "related_book": { "title": "Exploring Economics", "isbn": "978-1439040249, 1439040249", "edition": "5th Edition", "authors": "Robert L Sexton", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6344f1bbf1b22_230.jpg", "uri": "\/textbooks\/exploring-economics-5th-edition-9781439040249", "see_more_uri": "" }, "free_related_book": { "isbn": "0806146761", "uri": "\/textbooks\/oil-man-1st-edition-978-0806146768-382788", "name": "Oil Man", "edition": "1st Edition" }, "question_posted": "2024-06-12 10:17:25", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/given-the-following-probability-distributions-for-variables-x-and-y-compute-a", "description": "Given the following probability distributions for variables X and Y: Compute a. 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