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Text Question 3.1 Using the data in the table below, estimate the demand function for cod. Question Help Hint: Using Excel's scatterplot with trendline
Text Question 3.1 Using the data in the table below, estimate the demand function for cod. Question Help Hint: Using Excel's scatterplot with trendline functionality, list price in the first column and quantity in the second column. Price will appear on the horizontal axis in this case. Price, dollars per pound Quantity, thousand pounds per day 1.90 1.5 1.35 2.2 1.25 4.4 1.20 5.9 0.95 6.5 0.85 7.0 0.73 8.8 Using the Excel trendline option to estimate a linear demand function, the linear demand function is Q= p. (Enter your responses rounded to two decimal places.) unct hes Enter your answer in the edit fields and then click Check Answer. 0.85 All parts showing
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