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How would the coefficients and value be interpreted

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Reference no: EM132515741

Ivy, a General Manager at Mumias Sugar Company, estimated a multiplicative demand function of the form: using a cross-section data collected in the company sales on 30th June, 2016.

Question a) How would the coefficients and value be interpreted?

Question b) What will the quantity demanded be if the values of the independent variables are:

Price = 20; Income per capita = Ksh 500; and the Price of the Other Good = Ksh 30?

Attachment:- interpreted.zip

Reference no: EM132515741

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