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Please refer to this regression for the following questions log(SalesClorox) = 4 - 0.8*log(PriceClorox) + 0.12xlog(PricePurex) + 0.06*log(PriceShopRite) - 0.1xShopRitedisplayDummy + HEBdisplayDummy is 1 when
Please refer to this regression for the following questions log(SalesClorox) = 4 - 0.8*log(PriceClorox) + 0.12xlog(PricePurex) + 0.06*log(PriceShopRite) - 0.1xShopRitedisplayDummy + HEBdisplayDummy is 1 when the brand ShopRite is on display and 0 when it is not. If Purex cleaner O raises price by 10%, the sales of Clorox decrease by 1.2% O raises price by 10%, the sales of Clorox increase by 1.2% O raises price by 10%, the sales of Clorox increase by about 1.2 unit O raises price by 10%, the sales of Clorox decrease by about 1.2 unit
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