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Starting with the estimated demand function for Chevrolet: Qc = 100,000 - 100Pc + 2000N + 50I + 30Pf - 1000Pg +3A + 40,000Pi. Assume the average value of the independent variables changes to N= 225 million, I= 12,000, Pf= 10,000, Pg= 100 cents, A=250,000 and Pi= 0. Find the equation of the new demand curve for chevrolets.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9498484

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