Eco 550 managerial economics assignment 1 demand estimation
Please use the following equation as your demand function. QD = 20,000 – 10P + 1500A + 5PX + 10I (5,234) (2.29) (525) (1.75) (1.5) R2 = 0.85 n = 120 F = 35.25 To compute the elasticities for each independent variable, please use the following values for the independent variables as your starting point: Q = Quantity demanded P (in cents) = Price of […]