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Your marketing research department provides the following estimated demand function for your product where P is the price of your product and INCOME is average

Your marketing research department provides the following estimated demand function for your product where P is the price of your product and INCOME is average income. Q=500.6-11.4P-0.2INCOME Your product is a normal good because the coefficient of P is negative If the standard error for the income coefficient is 0.3, its F-statistic will be 38 (Round your answer to two decimal places) Therefore, the coefficient is not statistically significant

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