Question: Using the data in the table below, estimate the demand function for cod. table [ [ , ] , [ Price , dollars per
Using the data in the table below, estimate the demand function for cod.
tablePrice dollars per pound Quantity, thousand pounds per day,
Using the Excel trendline option to estimate a linear demand function, the linear demand function is
Suppose the quantity in the first row of the table were instead of
The linear demand function would now be
Enter your responses rounded to two decimal places.
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