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Question 2 (1 point) The identification problem would not prevent estimation of a demand curve from price and quantity data if, over the time period

Question 2 (1 point)

The identification problem would not prevent estimation of a demand curve from price and quantity data if, over the time period sampled, the only thing that varied was the ____ (Hint: which item(s) shift Demand Curves, which item(s) shift Supply Curves?)

Question 2 options:

a)

technology of production.

b)

level of consumer income.

c)

price(s) of substitutes and complements.

d)

level of advertising expenditures.

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