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21 April, 06:57

A simple 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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  1. 21 April, 07:23
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    Good quality. good products. good price mostly important income value
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