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dont answer by pen paper and dont use AI bot 6. Consider the following sales data points for good Q. P Q 24 11 34
dont answer by pen paper and dont use AI bot
6. Consider the following sales data points for good Q. P Q 24 11 34 8 12 21 What is the total sum of squares (TSS)? 7. Say that demand for good Q is Q = 81 - 2P, where P is price. If the price falls from P = 24 to P = 18, then the lost revenue due to the price effect is _____ and the new revenue due to the quantity effect is _____.
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
