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You have been presented with the following data and asked to fit statistical demand functions:
PERIOD
QUANTITY
PRICE
INCOME
ADVERTISING
1
120
8.00
10
3
2
165
4.00
22
7
7.00
20
5
4
3.00
8
180
30
6
90
10.00
19
150
18
10.2
190
1.60
25
9.3
9
160
5.00
200
2.00
35
9.5
A. Non-linear relationship.
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