Economic Variables

Economic Variables Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets. QD       =          -2,000 – 100P + 15A + 25PX + 10I (5,234)  (2.29)   (525)   (1.75)  (1.5) R2 = 0.85           n = 120             F = 35.25 Your supervisor has asked you to compute the elasticities for each independent …

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