Consider a model where we attempt to evaluate the effect of certain variables on the price of sex services. Suppose that the estimated coefficient on the "location variable" Hotel is statistically significant and equals 55.25. What does this mean? choose.
Hotel transactions add $55.25 to the exchange.
Hotel transactions reduce the price by $55.25
Hotel transactions increase price by 55.25%
Hotel transactions decrease the price by 55.25%
2. If I increase my consumption of a good and this has no impact on your ability to consume the same? good, then this good is
A. both nonrival and nonexclusive.
B. nonrival.
C. nonexclusive.
D. a free good.