Your marketing research department provides the following estimated demand function for your product: Qd=500.611.4P+0.51NCOME where P is the price of your product and INCOME is average income. Your product is good because If the standard error for the price coefficient is 2.0, its t-statistic will be (Round your answer to two decimal places) Therefore, the coefficient is where P is the price of your product and INCOME is average income. Your product is If the standard Therefore, the c an icient is 2.0, its t-statistic will be a normal good because error for the price coefficient er to two decimal place. coefficient is the intercept coefficient is positive the coefficient of P is negative the coefficient of INCOME is positive here P is the price of your product and INCOME is average income. four product is good because If the standard error for the price coefficient is 2.0, its t-statistic will be (Round your ans Therefore, the coefficient is statistically significant not statistically significant