QHJ = 500-16.01 PHJ +5.20 PKIA +3.50 PNISSAN +12.1Y +1.60 A + 3.25 M - t sta(2.02) (-3.5) (2.6) (3.5) R2 = 0.75 n = 42 F = 18.46 (2.39) (1.21) QHU = HANG JEBAT quantity sold per month PHJ Price of HANG JEBAT 1.5= RM50,000 PKIA Price of KIA 1.5 car = RM 60,000 PNISSAN Price of NISSAN 1.5 car = RM 65,000 Y per capital income of the surrounding area = RM 30,000 A = Monthly advertising expenditure = RM100,000 M = number of car sold in a standard urban area = 1500 units (2.10) C

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Say, Proton estimated the following demand equation for its new car model- Hang Jebat 1.5, using data from 42 car sales centers around the Klang valley for the month of October, 2023. 

Calculate the elasticity for Y, A and M and briefly comment on what information this gives you in each case. 

 

QHJ = 500-16.01 PHJ +5.20 PKIA +3.50 PNISSAN +12.1Y +1.60 A + 3.25 M
-
t sta(2.02)
(-3.5)
(2.6)
(3.5)
R2 = 0.75
n = 42 F = 18.46
(2.39) (1.21)
QHU = HANG JEBAT quantity sold per month
PHJ Price of HANG JEBAT 1.5= RM50,000
PKIA Price of KIA 1.5 car = RM 60,000
PNISSAN Price of NISSAN 1.5 car = RM 65,000
Y per capital income of the surrounding area = RM 30,000
A = Monthly advertising expenditure = RM100,000
M = number of car sold in a standard urban area = 1500 units
(2.10)
C
Transcribed Image Text:QHJ = 500-16.01 PHJ +5.20 PKIA +3.50 PNISSAN +12.1Y +1.60 A + 3.25 M - t sta(2.02) (-3.5) (2.6) (3.5) R2 = 0.75 n = 42 F = 18.46 (2.39) (1.21) QHU = HANG JEBAT quantity sold per month PHJ Price of HANG JEBAT 1.5= RM50,000 PKIA Price of KIA 1.5 car = RM 60,000 PNISSAN Price of NISSAN 1.5 car = RM 65,000 Y per capital income of the surrounding area = RM 30,000 A = Monthly advertising expenditure = RM100,000 M = number of car sold in a standard urban area = 1500 units (2.10) C
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