Subjective Questions on For statistically estimated demand function for the commodity X where x y z are goods A stands ........... for Indian Economic Service Preparation

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Subjective Questions

For statistically estimated demand function for the commodity X where x y z are goods A stands ...........

Economics-I Mathematical Methods in Economics
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    For statistically estimated demand function for the commodity X,

    \large D_{x} =\frac{1547P_{x}^{0.2}P_{y}^{0.3}A^{0.4}}{P_{z}^{0.5}B^{0.3}}

    (where x, y, z are goods, A stands for advertisement outlay, B for budget of the consumer and Px Py Pz are prices of goods x, y, z respectively).  

    What would be the percentage change in demand for x ( i.e. Dx ) and in which direction if advertisement outlay increses by 50 percent ? (100 words) (10 Marks)

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