Answer to Question #71332 in Microeconomics for Ahmad Jamal

Question #71332
Demand Estimation: Choose a product of your interest to determine the most important determinants of its demand. You need to develop this into a generic demand function of the form Qx = a0 + a1 Px + a2 I + a3 Py …… Explain the; i- Significance of each of the selected variable (include industry specific variables) ii- Sign of each of the coefficients (expected/estimated use some secondary data evidence to support this) iii- Impact/size of each of the coefficient (expected/estimated use some secondary data evidence to support this)
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