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The demand for roses has been estimated by OLS using 16 quarterly observations ofthe following equation: Qd = ?0 + ?1 P1 + ?2 P2+

The demand for roses has been estimated by OLS using 16 quarterly observations ofthe following equation: Qd = ?0 + ?1 P1 + ?2 P2+ u Qd = quantity of roses sold (in dozens)P1 = price of 2 answers

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