Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
There is a functional relationship between

Transcribed Image Text:Price,p,($) Weekly Demand,s,(1,000s)
150
213
170
204
190
200
210
185
230
184
250
169
A.. Find the linear model that best fits this data using regression and enter the model below
(for entry round the linear parameter value to nearest 0.01 and constant parameter to
nearest 1)
s = T(p)
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