Question
http://www.ssu.ac.ir/cms/fileadmin/user_upload/Daneshkadaha/dbehdasht/modiryat_khatamat_behdashti/kotob_farsi/The_economics_of_health_and_health_care-_Sherman_Folland.pdf in Chapter 3 Q 8 8 Consider the estimate demand equation of Q=1,000-3.3p- 0.2p+0.001Y (3.5) (2.1) (0.5) with t values in parentheses, where Pz
http://www.ssu.ac.ir/cms/fileadmin/user_upload/Daneshkadaha/dbehdasht/modiryat_khatamat_behdashti/kotob_farsi/The_economics_of_health_and_health_care-_Sherman_Folland.pdf in Chapter 3 Q 8
8 Consider the estimate demand equation of
Q=1,000-3.3p- 0.2p+0.001Y
(3.5) (2.1) (0.5)
with t values in parentheses, where Pz is the price of another good Z, and Y is income. Is good Z a substitute or a complement? Can we say confidently whether good X is a normal good or an inferior good?
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
