The producer of yogurt estimated the following demand equation for its product using data from different supermarkets during the March

Q = 5,200 - 42P + 20PX + 5.2l + 0.20A t-test - (2.002) (17.5) (6.2) (2.5) (0.09) R2 = 0.55 n = 26 F = 0.88

Interpret each coefficient properly

Compute elasticities for each variable.

How concerned do you think this company would be about the impact of a recession on its sales?

Do you think that this firm should cut its price to increase its market share?

What proportion of the variation in sales is explained by the independent variables in the equations?

What sort of information R2 gives you in this demand equation?