Question: When estimating demand function, the Price coefficient was estimated at 0.8 with the standard error of 0.6. Based on this information, we can conclude,

When estimating demand function, the Price coefficient was estimated at 0.8 with the standard error of 0.6. Based on this information, we can conclude, that: Select one: Price has a statistically significant impact on the quantity supplied; O b. Price has a statistically significant negative impact on the quantity demanded; O c. Price has a statistically significant positive impact on the quantity demanded; Price does NOT have a statistically significant impact on the quantity demanded; O d.

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