Complete the following questions on demand function: 1. Write the demand equation resulting from your output. Include specific coefficients. 2. Calculate the price elasticity of demand for this manufacturer if the price is $9.25 per unit, consumer income is $21,000, advertising is $100,000, and the quantity demanded is $499,999. Is demand elastic or inelastic at this price and quantity? 3. Calculate income elasticity of demand for this manufacturer at the same point as identified in question 2. Is the product an inferior good, a normal good, or a luxury? Must use run regression for #1..excel data is attached

Subject | Business |

Due By (Pacific Time) | 10/04/2014 12:00 pm |

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