Question: Assume that your data with self reported cigarette use contains classical (random) measurement error. Your coefficient estimate on the price of a cigarette, cigpric, will

Assume that your data with self reported cigarette use contains classical (random) measurement error. Your coefficient estimate on the price of a cigarette, cigpric, will have . If the measurement error is instead non-classical, such that it is correlated with the actual value of cigarette use, then the coefficient on the price of a cigarette, cigpric, will have

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