The estimated demand function: Q = -500 + 250 PI + 125 I - 1,000 I +
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Question:
The estimated demand function: Q = -500 + 250 PI + 125 I - 1,000 I + 600 Asuggests that
Select one:
a. a 1 unit increase in PI will decrease the Q by 250 units
b. a 1% increase in PI will decrease the Q by 250%.
c. a 1% increase in PI will increase the Q by 250%.
d. a 1 unit increase in PI will increase the Q by 250 units.
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