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head decreases by0.1647%. t statistic value of coeficient of InPt = 2.14 t statistic value at 5% level of significance = 1.725 As,t statistic value
head decreases by0.1647%. t statistic value of coeficient of InPt = 2.14 t statistic value at 5% level of significance = 1.725 As,t statistic value of coeficient of InPt >t statistic value at 5% level of significance Hence , price significantly affect consumption
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