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Suppose we have 30 days of data on the price and quantity of Haigh's chocolate frogs sold in downtown Melbourne. During that time, the price

Suppose we have 30 days of data on the price and quantity of Haigh's chocolate frogs sold in downtown Melbourne. During that time, the price remains the same but the daily quantity sold fluctuates. Which of the following statement is correct?

Group of answer choices

If we regress quantity on price, the R-squared will be zero

If we regress quantity on price, the R-squared will be one

If we regress price on quantity, the intercept estimate will be zero

None of the above

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