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Business, 12.07.2019 00:30 mollyrosario

Asimple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is the product price, and i is consumer income. to compute an appropriate value for c, we can use observed values for q and i and then set the estimated income elasticity of demand equal to:

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Asimple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is t...
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