TIME 1 2 3 4 5 6 7 8 9 10 Qd 44 40 42 46 48 C 52 54 58 56 60 Price 10 9 11 12 11 12 13 13 14 15 Estimate demand as a function of price and shoew the line of best fit What would happen to the demand if price is Taka 20?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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TIME Qd Price
1 44 10
2 40 9
3 42 11
4 46 12
5 48 11
6 52 12
7 54 13
8 58 13
9 56 14
10 60 15

Estimate demand as a function of price and shoew the line of best fit
What would happen to the demand if price is Taka 20?

TIME
Price
1
44
10
Estimate demand as a function of price and shoew the line of best fit
2
40
What would happen to the demand if price is Taka 20?
42
11
4
46
12
5
48
11
6
52
12
7
54
13
58
13
56
14
10
60
15
Transcribed Image Text:TIME Price 1 44 10 Estimate demand as a function of price and shoew the line of best fit 2 40 What would happen to the demand if price is Taka 20? 42 11 4 46 12 5 48 11 6 52 12 7 54 13 58 13 56 14 10 60 15
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