Managerial Economics : regression results of a linear demand function by ClassOf1

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									              Sub: Economics                                                          Topic: Managerial Economics



              Question:
              Given the regression results of a linear demand function, discuss the
              statistical significance of the parameter, estimated values of price, income,
              and cross elasticity of demand. Values of price, income and cross elasticity
              of demand.

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              Wilpen Company, a price-setting firm, produces nearly 80 percent of all tennis balls purchased
              in the United States. Wilpen estimates the U.S. demand for its tennis ball by using the following
              linear specification:
                              Q = a + bP = cM = dPR

              Where Q
								
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