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Solve clearly, explanation is more important don't copy. Suppose the demand in Davis for bowling is D(p) = 475 - 4In(p) - In(Pbeer), where p

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Solve clearly, explanation is more important don't copy.

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Suppose the demand in Davis for bowling is D(p) = 475 - 4In(p) - In(Pbeer), where p is the price of a game of bowling and Pbeer is the price of beer. Which of the following is true? O Beer is a substitute for bowling O The cross-price elasticity for bowling with respect to the price of beer is positive O Beer is a "bad" and not a "good" O None of these are true

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