Suppose that you used regression methods to estimate the demand curve for physician visits and found a
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Suppose that you used regression methods to estimate the demand curve for physician visits and found a positive relationship: that is, you found that the higher the price is, the more visits are demanded. What problem has likely arisen? Explain the problem in words. Why might it make statistical inference diffi cult?
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In the context of economics the outcome describeda positive relationship between the price of physic...View the full answer
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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