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you are interested in the relationship between bednets and the price of bednets. You estimate the following relationship using a linear regression Q=10-2.5P, where Prive
you are interested in the relationship between bednets and the price of bednets. You estimate the following relationship using a linear regression Q=10-2.5P, where Prive is measured in dollars. The average price of a bednet is $2 and the avaerage quantity demanded is 5. What is the price elasticity of demand for bednets (absolute value)??
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