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A. Does the regression output look correct? F. How many Model 2s do you expect Tesla to sell if the price is set equal to
A. Does the regression output look correct?
F. How many Model 2s do you expect Tesla to sell if the price is set equal to $38,000 (show your work for credit)?
G. All else constant, what is the impact on the quantity demanded if the price of a MODEL 2 is decreased by $10,000 (show your work for credit)?
H. Based on the estimated Demand, compute the point price elasticity of demand at the price of $38,000. Is the demand at this price elastic, inelastic or unitary elastic?(show your work).