Coefficient of income in regression of the quantity demanded

Reference no: EM13683630

The coefficient of income in a regression of the quantity demanded of a commodity on price, income, and other variable is 10. Compute the income elasticity of demand for this commodity at income $10,000 and sales 80,000 units

Reference no: EM13683630

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Coefficient of income in regression of the quantity demanded : The coefficient of income in a regression of the quantity demanded of a commodity on price, income, and other variable is 10. Compute the income elasticity of demand for this commodity at income $10,000 and sales 80,000 units

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