The demand for good X has been estimated to be ln Qxd = 100 – 4.2 ln PX + 5.5 ln PY + ln M. The own price elasticity of good X is:
d) There is insufficient information needed to find the elasticity of good X.
I need assistance with the above question. Please show the work as to how you came up with one of the 4 answers above. Need by 6 pm today.