Government official proposed which gasoline price

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Q. Assume you want to estimate the price elasticity of demand for electricity. Using data from 50 countries, you plan to estimate the subsequent equation: ln(elect)i = 1 + 2 ln(price)i + i where elect = electricity consumption per capita also price = standard price of electricity. To ensure which your estimator for 2? is unbiased, illustrate what other regresses do you think should be included? WHY

Q. Last yr a government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices. Illustrate what evidence could you consult to discover whether this proposal was enacted?

Reference no: EM1323187

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Government official proposed which gasoline price : government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.

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