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If a company assigns prices at random and observes customers' purchases at different prices, the slope coefficient from a regression of log quantity on log

If a company assigns prices at random and observes customers' purchases at different prices, the slope coefficient from a regression of log quantity on log price

Group of answer choices

1. is an estimate of the elasticity of demand.

2. is an estimate of the elasticity of supply.

3. is an estimate of one over the elasticity of demand.

4. is an estimate of one over the elasticity of supply.

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