Metropolitan statistical areas

Assignment Help Business Economics

Reference no: EM131002521

Please read “Demand Estimation for Mrs. Smyth’s Pies”, from Chapter 5, and then: 1. Summarize it using your own words (Two typed paragraphs; each paragraph must have three sentences. No Plagiarism!). 2. In which year and quarter (Year-Quarter) did two regional markets (Metropolitan Statistical Areas) experience the same competitors’ price of $7.43? 3. Please derive the demand curve of Mrs. Smyth’s Gourmet frozen fruit pie using “Q = 529,774 – 122,607P + 5.838A + 29,867Px+ 2.043Y+ 0.030Pop + 2,815T”, the average data, and T = 0. 4. Plot the demand curve of Mrs. Smyth’s Gourmet frozen fruit pie.

Reference no: EM131002521

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