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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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