Suppose we have data on the monthly prices and quantity sold for avocados sold

in BC.

A.

If we regress quantity sold on price we obtain an unbiased estimate of the

demand function for avocados.

B.

If we regress quantity sold on price we obtain an unbiased estimate of the

inverse demand function for avocados.

C.

If we regress quantity sold on price we obtain an unbiased estimate of the

supply function for avocados.

D.

As demand and supply curves both shift from month to month the resulting

regression equation cannot be taken as either a demand function or a supply

function.

E.

None of the above.