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Unformatted text preview: function of coke price, income, age2044, juice price, trend, coke advertising, and juice advertising. Do deflate income and price before you run the regression. Use any software you choose (including Excel), turn in one page of computer output that contains all the estimated coefficients. (c) Write the coke demand equation out in algebraic form, e.g., Q DCoke = (d) Find the price elasticity of coke demand (i.e., EDp for coke). Interpret its meaning. (e) Find the elasticity of coke demand with respect to AGE2044. Interpret its meaning. (f) Do we find evidence that shows juice advertising affects coke demand? Explain why using one sentence. 1...
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This homework help was uploaded on 02/20/2009 for the course AEM 4150 taught by Professor Kaiser,h.m. during the Fall '07 term at Cornell University (Engineering School).
- Fall '07