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Estimating a Demand curve Your firm produces dog grooming kits.You currently charge $22 for your kit, which includes nail clippers, a hair clipper, a brush

Estimating a Demand curve

Your firm produces dog grooming kits.You currently charge $22 for your kit, which includes nail clippers, a hair clipper, a brush and some scissors.Last month, you sold 2,088 kits.This month, however, you decided to experiment with a higher price of $26 and sold 1,740 kits.

Based on these prices and output levels, estimate your demand curve (assuming that it is linear close to these prices).

A.(3 points) Estimate the "b" parameter

b. Estimate the "a" parameter

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