# Answer to Question #76557 in Other Economics for kelly

Question #76557

When estimating a demand function, explain why fitting a line of best fit through observed

price and quantity combinations over time is not likely to yield good estimates.

price and quantity combinations over time is not likely to yield good estimates.

Expert's answer

When estimating a demand function, fitting a line of best fit through observed price and quantity combinations over time is not likely to yield good estimates, because usually the demand curve is bowled in or out and is not linear, so a line of best fit can give incorrect information.

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