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please help ASAP Consider a product market with a supply function Q; = Bo + BjPi + ;, a demand function Q = do +

please help ASAP

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Consider a product market with a supply function Q; = Bo + BjPi + ;, a demand function Q = do + ed, and a market equilibrium condition Q: = Q, where &; and Ed are mutually independent i.i.d. random variables, both with a mean of zero. a) Show that Pi and & are correlated. b) Show that the OLS estimator of B, is inconsistent. c) How would you estimate Bo, B1, and do? Explain. BIUAA-T KE OR Vx NT 1 12pt Paragraph

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