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Use the following data to answer the questions below. P Q $130 78 $110 155 $90 246 $70 318 $50 397 Question 5 Using OLS,

Use the following data to answer the questions below.

P Q

$130 78

$110 155

$90 246

$70 318

$50 397

Question 5

Using OLS, the estimated inverse demand function (P = f(Q)) is

a. Q = 149.56 - 0.25P

b. P = 599.65 - 4.01Q

c. Q = 599.65 - 4.01P

d. P = 149.56 - 0.25Q

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