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.
\table[[,],[Price, dollars per pound , Quantity, thousand pounds per day,],[1.90,1.5],[1.35,2.2],[1.25,4.4],[1.20,5.9],[0.95,6.5],[0.85,7.0],[0.73,8.8]]
Using the Excel trendline option to estimate a linear demand function, the linear demand function is
Q=12.53-6.25p.
Suppose the quantity in the first row of the table were 2 instead of 1.5.
The linear demand function would now be
Q=11.75-5.46p.(Enter your responses rounded to two decimal places.)
Using the data in the table below, estimate the

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