ALC, Inc., has, in recent years, opened large markets of new customers, experienced strong competition from substitutes, and survived a nasty national recession. When the chief economist statistically estimated the company's product demand using data from the past five years, she found a statistically significant positive (direct) relationship between price and quantity. What according to you led to this finding?

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The finding of a statistically significant positive direct relationship between price and quantity in the demand for ALC Incs product could be influen... View the full answer