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Suppose an economist estimates a demand equation. Quantity demanded is a function of the product's own price as well as prices of substitutes and complements.

Suppose an economist estimates a demand equation. Quantity demanded is a function of the product's own price as well as prices of substitutes and complements. He finds that the own price reduces quantity demanded, prices of substitutes increase quantity demanded (when they increase), and prices of complements decrease quantity demanded. Evaluate the economist's performance.

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