Run ols to determine the inverse demand function p fq how
Run OLS to determine the inverse demand function (P = f(Q)); how much confidence do you have in this estimated equation? Use algebra to then find the direct demand function (Q = f(P)).
P
Q
$130
78
$110
155
$90
246
$70
318
$50
397
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run ols to determine the inverse demand function p fq how much confidence do you have in this estimated equation use
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