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Please refer to this regression for the following questions log(SalesClorox) = 4 - 0.8xlog(PriceClorox) + 0.12xlog(PricePurex) + 0.06*log(PriceShopRite) - 0.1*ShopRitedisplayDummy + E HEBdisplayDummy is 1
Please refer to this regression for the following questions log(SalesClorox) = 4 - 0.8xlog(PriceClorox) + 0.12xlog(PricePurex) + 0.06*log(PriceShopRite) - 0.1*ShopRitedisplayDummy + E HEBdisplayDummy is 1 when the brand ShopRite is on display and 0 when it is not. If the price of Clorox is raised from $2 a bottle to $2.2, the sales of Clorox will O Increase by 8 units O Increase by 8% O Decrease by 8 units O Decrease 8%
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